CIBC Downgrades Newmont to Neutral, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Anita Soni has downgraded Newmont (NYSE:NEM) from Outperformer to Neutral and lowered the price target from $54 to $50.
July 21, 2023 | 3:57 pm
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Newmont's rating has been downgraded from Outperformer to Neutral by CIBC analyst Anita Soni, with a lowered price target from $54 to $50.
The downgrade from Outperformer to Neutral by a CIBC analyst and the lowering of the price target from $54 to $50 could negatively impact investor sentiment towards Newmont, potentially leading to a short-term decrease in the stock price.
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