Euronav price target lowered to $17 from $19 at Stifel

Stifel lowered the firm’s price target on Euronav to $17 from $19 and keeps a Hold rating on the shares. Shipping markets continue to be “reasonably solid across the board” as demand is “healthy, if not robust,” while supply growth has generally been limited, the analyst tells investors in a Q2 shipping group preview.