BMO Capital Maintains Outperform on Ivanhoe Electric, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Mikitchook maintains an Outperform rating on Ivanhoe Electric (AMEX:IE) and raises the price target from $18 to $20.
September 07, 2023 | 12:09 pm
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BMO Capital maintains an Outperform rating on Ivanhoe Electric and raises the price target from $18 to $20. This could potentially lead to an increase in the stock's price.
The Outperform rating maintained by BMO Capital indicates that they expect Ivanhoe Electric to do better than the overall market. The increase in the price target from $18 to $20 suggests that they believe the stock is undervalued at its current price, which could lead to an increase in the stock's price as the market adjusts to this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100