Pyxis Tankers Inc. (PXS) Downgraded After Reaching $9 Due to Expensive Valuation

Analyst James Jang and his team cut their rating on Pyxis Tankers Inc (NASDAQ:PXS) from Buy to Hold, with a $3.00 price target. Jang writes that the move is based on valuation, as the stock has rallied nearly 360% since Friday. The reason?

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