Raymond James Maintains Outperform on Newmont, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian MacArthur has maintained an 'Outperform' rating on Newmont (NYSE:NEM), but lowered the price target from $62 to $61.

September 07, 2023 | 3:44 pm
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NEUTRAL IMPACT
Newmont's price target has been lowered from $62 to $61 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100