Evercore ISI Group Maintains In-Line on Nordic American Tankers, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Jonathan Chappell has maintained an In-Line rating on Nordic American Tankers (NYSE:NAT) but lowered the price target from $5 to $4.5.
March 01, 2024 | 12:00 pm
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Evercore ISI Group maintains an In-Line rating on Nordic American Tankers but lowers the price target from $5 to $4.5.
The reduction in price target by Evercore ISI Group, despite maintaining the In-Line rating, could lead to a negative perception among investors, potentially causing a short-term decrease in NAT's stock price. The adjustment in price target reflects a revised valuation assessment, which investors might interpret as a signal of expected underperformance or limited upside potential.
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