Euronav NV downgraded to In Line from Outperform at Evercore ISI

Evercore ISI downgraded Euronav NV to In Line from Outperform with an unchanged price target of $19. The stock price is now only 3.5% away from a mandated cash take-private offer forthcoming next month, notes the analyst, who prefers exposure to product tanker equities into year-end.