JP Morgan Downgrades Euronav to Neutral, Lowers Price Target to $18.43
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samuel Bland has downgraded Euronav (NYSE:EURN) from Overweight to Neutral and lowered the price target from $21 to $18.43.
October 31, 2023 | 10:06 am
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NEGATIVE IMPACT
Euronav's rating has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $18.43.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Euronav. The lowered price target suggests that JP Morgan expects Euronav's stock price to perform less strongly than previously anticipated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100