BMO Capital Maintains Outperform on Mandalay Resources, Lowers Price Target to C$3
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Brian Quast has maintained an 'Outperform' rating on Mandalay Resources (TSX:MND), but lowered the price target from C$3.5 to C$3.
July 14, 2023 | 12:04 pm
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BMO Capital has maintained an 'Outperform' rating on Mandalay Resources, but lowered the price target from C$3.5 to C$3.
The news directly pertains to Mandalay Resources. The 'Outperform' rating suggests that BMO Capital expects the stock to do better than the market average, which is positive for the stock. However, the lowering of the price target could indicate a potential downside, making the overall impact neutral.
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