Stifel Downgrades Ardmore Shipping to Hold, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan has downgraded Ardmore Shipping (NYSE:ASC) from Buy to Hold and reduced the price target from $24 to $17.
October 23, 2024 | 11:44 am
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Stifel analyst Benjamin Nolan downgraded Ardmore Shipping from Buy to Hold, reducing the price target from $24 to $17, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the significant reduction in the price target from $24 to $17 by a reputable analyst suggests a less favorable view on Ardmore Shipping's short-term prospects, likely leading to a negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100