RBC Capital Maintains Outperform on Genesis Energy, Lowers Price Target to $13
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst TJ Schultz maintains an Outperform rating on Genesis Energy (NYSE:GEL) but lowers the price target from $16 to $13.
August 04, 2023 | 3:43 pm
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Genesis Energy's price target has been lowered from $16 to $13 by RBC Capital, though the Outperform rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100