Jefferies Maintains Buy on Nordic American Tankers, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta maintains a Buy rating on Nordic American Tankers (NYSE:NAT) but lowers the price target from $5.5 to $5.
May 29, 2024 | 4:14 pm
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Jefferies analyst Omar Nokta maintains a Buy rating on Nordic American Tankers (NYSE:NAT) but lowers the price target from $5.5 to $5.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook on its near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100