BMO Capital Maintains Outperform on Iamgold, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jackie Przybylowski has maintained an Outperform rating on Iamgold (NYSE:IAG) but reduced the price target from $3.25 to $3.
November 10, 2023 | 8:05 pm
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NEUTRAL IMPACT
BMO Capital analyst has maintained an Outperform rating on Iamgold but lowered the price target from $3.25 to $3.
The reduction in price target may suggest a slightly more conservative outlook on Iamgold's future performance, but the maintenance of an Outperform rating indicates that BMO Capital still sees positive potential in the stock. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100