National Bank Financial Inc Maintains Outperform on Wheaton Precious Metals, Lowers Price Target to C$72.5
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Shane Nagle has maintained an 'Outperform' rating on Wheaton Precious Metals (NYSE:WPM) but lowered the price target from C$75 to C$72.5.
September 25, 2023 | 4:11 pm
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NEGATIVE IMPACT
Wheaton Precious Metals' price target has been lowered by National Bank Financial from C$75 to C$72.5, though the 'Outperform' rating is maintained.
The lowering of the price target by National Bank Financial indicates a potential decrease in the short-term value of Wheaton Precious Metals' stock. However, the maintained 'Outperform' rating suggests that the stock is still expected to outperform the market, which could mitigate the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100