BTIG Maintains Buy on Genco Shipping & Trading, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Gregory Lewis has maintained a 'Buy' rating on Genco Shipping & Trading (NYSE:GNK) but lowered the price target from $22 to $20.

July 21, 2023 | 4:47 pm
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NEUTRAL IMPACT
Genco Shipping & Trading's price target has been lowered from $22 to $20 by BTIG, though the 'Buy' rating is maintained.
The lowering of the price target by BTIG could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100