Scotiabank Maintains Outperform on Ivanhoe Mines, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has maintained its 'Outperform' rating on Ivanhoe Mines (OTC:IVPAF) but lowered the price target from C$16 to C$15. The adjustment was announced by Scotiabank analyst Orest Wowkodaw.
June 28, 2023 | 6:57 pm
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NEUTRAL IMPACT
Scotiabank has maintained its 'Outperform' rating on Ivanhoe Mines but lowered the price target. This could potentially impact the stock's performance in the short term.
While the 'Outperform' rating suggests that Scotiabank expects Ivanhoe Mines to do better than the market average, the lowering of the price target might indicate a reduced growth expectation. This could potentially lead to mixed reactions in the market, impacting the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100