BMO Capital Maintains Outperform on First Quantum Minerals, Lowers Price Target to C$20
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jackie Przybylowski has maintained an Outperform rating on First Quantum Minerals but reduced the price target from C$28.5 to C$20.
December 04, 2023 | 1:47 pm
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BMO Capital analyst maintains Outperform rating on First Quantum Minerals, but lowers price target from C$28.5 to C$20, indicating a potential downside compared to previous expectations.
The reduction in price target by BMO Capital suggests that while the outlook remains positive, there are factors that may limit the stock's upside potential in the short term. This could lead to a negative investor sentiment and a possible decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100