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Euronav NV downgraded to Hold from Buy at JonesResearch
The Fly

Euronav NV downgraded to Hold from Buy at JonesResearch

JonesResearch analyst Eduardo Seda downgraded Euronav NV to Hold from Buy without a price target. The analyst cites valuation for the downgrade with the current share price exceeding the firm’s prior price target of $16. JonesResearch notes the downgrade is purely based on valuation and not reflective of improving market dynamics.

Published first on TheFly

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