B of A Securities Upgrades Teekay Tankers to Buy, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter upgraded Teekay Tankers (NYSE:TNK) from Neutral to Buy and increased the price target from $56 to $72, indicating a positive outlook on the company's stock.
January 19, 2024 | 12:24 pm
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Teekay Tankers has been upgraded by B of A Securities from Neutral to Buy, with a significant increase in price target from $56 to $72, suggesting a bullish stance on the stock.
The upgrade from Neutral to Buy by a major analyst like Ken Hoexter is a strong positive signal to the market, often leading to increased investor confidence and potential short-term price appreciation. The substantial raise in the price target further underscores the analyst's conviction in the stock's potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100