TD Securities Maintains Buy on Newmont, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
TD Securities analyst Greg Barnes has maintained a 'Buy' rating on Newmont (NYSE:NEM) but lowered the price target from $59 to $55.
July 24, 2023 | 4:26 pm
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NEUTRAL IMPACT
Newmont's price target has been lowered from $59 to $55 by TD Securities, though the 'Buy' rating is maintained.
The lowering of the price target could potentially create a negative sentiment among investors, but the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100