B of A Securities Maintains Buy on Teekay Tankers, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter maintains a Buy rating on Teekay Tankers (NYSE:TNK) but lowers the price target from $77 to $69.
August 13, 2024 | 4:55 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on Teekay Tankers but lowers the price target from $77 to $69.
The Buy rating suggests continued confidence in Teekay Tankers' performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100