Stifel Downgrades Genco Shipping & Trading to Hold, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan has downgraded Genco Shipping & Trading (NYSE:GNK) from Buy to Hold and reduced the price target from $26 to $17.
October 23, 2024 | 11:46 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Stifel analyst Benjamin Nolan downgraded Genco Shipping & Trading from Buy to Hold, reducing the price target from $26 to $17, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the significant reduction in the price target from $26 to $17 by Stifel suggests a less favorable view of Genco Shipping & Trading's short-term prospects, likely leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100