BMO Capital Downgrades Ero Copper to Market Perform, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jackie Przybylowski has downgraded Ero Copper (NYSE:ERO) from Outperform to Market Perform and lowered the price target from $26 to $24.
June 30, 2023 | 9:48 am
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Ero Copper's rating has been downgraded by BMO Capital from Outperform to Market Perform, with a reduced price target of $24.
The downgrade by BMO Capital from Outperform to Market Perform indicates a less optimistic outlook for Ero Copper. The lowering of the price target from $26 to $24 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100