Citigroup Downgrades Euronav to Neutral, Announces $18.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christian Wetherbee has downgraded Euronav (NYSE:EURN) from Buy to Neutral and set a price target of $18.5.
October 10, 2023 | 9:36 am
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Euronav's rating has been downgraded from Buy to Neutral by Citigroup, with a new price target of $18.5.
The downgrade from Buy to Neutral by a major financial institution like Citigroup could potentially lead to a decrease in investor confidence in Euronav, which may negatively impact the stock's price in the short term. The new price target of $18.5 also provides a benchmark that investors will be watching closely.
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IMPORTANCE 80
RELEVANCE 100