International Seaways shares are trading lower after Stifel downgraded the stock from Buy to Hold and lowered its price target from $69 to $56.
Portfolio Pulse from Benzinga Newsdesk
International Seaways shares fell after Stifel downgraded the stock from Buy to Hold and reduced its price target from $69 to $56.
October 23, 2024 | 2:34 pm
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Stifel downgraded International Seaways from Buy to Hold and lowered its price target from $69 to $56, causing the stock to trade lower.
The downgrade from Buy to Hold by Stifel, along with a significant reduction in the price target, suggests a less optimistic outlook for International Seaways. This typically leads to a negative short-term impact on the stock price as investors adjust their expectations.
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