JP Morgan Maintains Overweight on Euronav, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Noah Parquette has maintained an Overweight rating on Euronav (NYSE:EURN) but lowered the price target from $21.5 to $21.
October 06, 2023 | 2:02 pm
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NEUTRAL IMPACT
JP Morgan has maintained an Overweight rating on Euronav but lowered the price target from $21.5 to $21.
The news is directly related to Euronav and is likely to influence investor sentiment. The maintenance of an Overweight rating indicates that JP Morgan still sees potential in the stock, but the lowering of the price target may cause some investors to reassess their positions. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100