Jefferies Downgrades Euronav to Hold, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta has downgraded Euronav (NYSE:EURN) from Buy to Hold and reduced the price target from $21 to $18, indicating a more cautious outlook on the company's stock.
January 31, 2024 | 10:44 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Euronav's downgrade from Buy to Hold by Jefferies and a reduced price target from $21 to $18 suggests a tempered expectation for the stock's performance.
The downgrade by a prominent analyst can influence market perception and potentially lead to a decrease in investor confidence, which may result in a short-term negative impact on Euronav's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100