Noble Capital Markets Downgrades Eagle Bulk Shipping to Market Perform, Announces $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
Noble Capital Markets analyst Poe Fratt has downgraded Eagle Bulk Shipping (NYSE:EGLE) from Outperform to Market Perform, setting a price target of $52.
December 12, 2023 | 2:47 pm
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Eagle Bulk Shipping was downgraded by Noble Capital Markets from Outperform to Market Perform with a new price target of $52.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target, while potentially lower than the current trading price, indicates the analyst's reduced optimism about the stock's future performance.
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