HC Wainwright & Co. Maintains Buy on MAG Silver, Lowers Price Target to $19.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle maintains a 'Buy' rating on MAG Silver (AMEX:MAG) but lowers the price target from $20.5 to $19.5.
October 26, 2023 | 3:47 pm
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Despite a lowered price target from $20.5 to $19.5, HC Wainwright & Co. maintains a 'Buy' rating on MAG Silver.
The news is directly related to MAG Silver. The lowered price target might indicate a slightly less optimistic outlook for the company's stock. However, the maintained 'Buy' rating suggests that the analyst still sees potential upside, which could balance out any negative impact from the lowered target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100