Jefferies Maintains Buy on Genco Shipping & Trading, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta has reaffirmed a Buy rating on Genco Shipping & Trading (NYSE:GNK) and increased the price target from $18 to $20.
November 30, 2023 | 7:37 pm
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POSITIVE IMPACT
Jefferies analyst Omar Nokta maintains a Buy rating on Genco Shipping & Trading and raises the price target from $18 to $20, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Omar Nokta suggests a bullish outlook for GNK, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100