Euronav's Future Clouded By Takeover Bids: Analyst Sees Unchanged Takeout Price And Possible Privatization

Stifel analyst Benjamin J. Nolan downgraded Euronav NV EURN to Hold from Buy at a lowered price target of $18.43 (from $20.00). Last week, the Belgian oil tanker and storage operator confirmed that the second shareholder, Compagnie Maritime Belge (CMB), offered to acquire Frontline Plc's FRO…

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