Jefferies Downgrades Nordic American Tankers to Hold, Maintains Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta has downgraded Nordic American Tankers (NYSE:NAT) from Buy to Hold, while maintaining the price target at $4.
September 12, 2024 | 12:01 pm
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Jefferies has downgraded Nordic American Tankers from Buy to Hold, indicating a less optimistic outlook on the stock's performance. The price target remains at $4, suggesting limited upside potential.
The downgrade from Buy to Hold by Jefferies suggests a less favorable view on NAT's short-term performance. Maintaining the price target at $4 indicates that the analyst does not expect significant price movement, which could lead to a negative short-term impact on the stock price.
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