B of A Securities Downgrades Teekay Tankers to Neutral, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Teekay Tankers from Buy to Neutral and lowered its price target from $57 to $51.
November 01, 2024 | 6:35 pm
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NEGATIVE IMPACT
B of A Securities has downgraded Teekay Tankers from Buy to Neutral and reduced the price target from $57 to $51, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by B of A Securities suggests a less favorable view on Teekay Tankers' stock performance. The reduction in the price target from $57 to $51 indicates a lower expected valuation, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100