Jefferies Maintains Buy on Nordic American Tankers, Lowers Price Target to $4
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 to $4.
August 29, 2024 | 4:48 pm
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Jefferies analyst Omar Nokta maintains a Buy rating on Nordic American Tankers but lowers the price target from $5 to $4.
The Buy rating suggests confidence in the stock's potential, but the lowered price target indicates a more conservative outlook on its short-term price appreciation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100