Morgan Stanley Maintains Underweight on Nexa Res, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Underweight rating on Nexa Resources (NYSE:NEXA) and lowers the price target from $5.6 to $4.5.
June 22, 2023 | 9:45 am
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NEGATIVE IMPACT
Morgan Stanley maintains an Underweight rating on Nexa Resources and lowers the price target from $5.6 to $4.5.
The lowered price target by Morgan Stanley indicates a bearish outlook on Nexa Resources. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100