Stifel Maintains Buy on Genco Shipping & Trading, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan has maintained a 'Buy' rating on Genco Shipping & Trading (NYSE:GNK) but lowered the price target from $23 to $22.

October 19, 2023 | 12:49 pm
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Stifel analyst has maintained a 'Buy' rating on Genco Shipping & Trading but lowered the price target from $23 to $22.
The news is directly about Genco Shipping & Trading. The maintained 'Buy' rating indicates the analyst's continued positive outlook on the company, which could be positive for the stock. However, the lowered price target might indicate a slightly less optimistic view on the company's future performance, which could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100