Scotiabank Downgrades Nexa Res to Sector Underperform, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw has downgraded Nexa Res (NYSE:NEXA) from Sector Perform to Sector Underperform and lowered the price target from $5 to $4.5.
November 01, 2023 | 5:04 pm
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Nexa Res has been downgraded by Scotiabank from Sector Perform to Sector Underperform, with a lowered price target from $5 to $4.5.
The downgrade from Scotiabank is a negative signal for Nexa Res. The lowered price target from $5 to $4.5 suggests that the analyst sees less upside potential for the stock, which could lead to selling pressure and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100