Argus Research Maintains Buy on Newmont, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Argus Research analyst William Selesky has maintained a 'Buy' rating on Newmont (NYSE:NEM) but lowered the price target from $55 to $50.
July 25, 2023 | 2:58 pm
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Newmont's price target has been lowered from $55 to $50 by Argus Research, though the 'Buy' rating is maintained.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term performance of the stock. However, the impact may be neutral as the 'Buy' rating is still in place, suggesting the analyst still sees potential upside.
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IMPORTANCE 70
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