Scotiabank Maintains Sector Perform on Gold Fields, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has maintained its 'Sector Perform' rating on Gold Fields (NYSE:GFI) but has lowered the price target from $18 to $16.
August 18, 2023 | 2:59 pm
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Scotiabank has lowered its price target for Gold Fields from $18 to $16, while maintaining a 'Sector Perform' rating.
The lowering of the price target by Scotiabank indicates a less optimistic outlook for Gold Fields, which could potentially lead to a decrease in the stock price in the short term. The 'Sector Perform' rating suggests that the stock is expected to perform in line with the sector average, which does not signal significant upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100