Barclays Maintains Underweight on First Quantum Minerals, Lowers Price Target to C$25
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Murphy has maintained an 'Underweight' rating on First Quantum Minerals (TSX:FM) and lowered the price target from C$28 to C$25.
October 30, 2023 | 1:38 pm
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Barclays has maintained an 'Underweight' rating on First Quantum Minerals and lowered the price target, which could negatively impact the stock's price.
The 'Underweight' rating maintained by Barclays indicates that the firm believes First Quantum Minerals' stock will underperform compared to other stocks. The lowering of the price target from C$28 to C$25 suggests that Barclays expects the stock's price to decrease, which could lead to a negative impact on the stock's price in the short term.
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