TD Cowen Upgrades MAG Silver to Buy, Lowers Price Target to C$21
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Craig Hutchison has upgraded MAG Silver from Speculative Buy to Buy, while also reducing the price target from C$24 to C$21.
November 13, 2023 | 4:34 pm
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MAG Silver was upgraded by TD Cowen from Speculative Buy to Buy, although the price target was lowered from C$24 to C$21.
The upgrade to Buy reflects a positive outlook on the company's potential, which could lead to increased investor interest and a potential rise in stock price. However, the reduction in the price target might temper some of the positive sentiment, as it suggests a more conservative valuation by the analyst.
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