HC Wainwright & Co. Maintains Buy on DRDGold, Lowers Price Target to $13.25
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle has maintained a Buy rating on DRDGold (NYSE:DRD) but has reduced the price target from $17 to $13.25.
December 13, 2023 | 11:16 am
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NEUTRAL IMPACT
DRDGold's Buy rating is maintained by HC Wainwright & Co., but the price target is lowered from $17 to $13.25, indicating potential optimism but with caution on valuation.
The maintenance of a Buy rating suggests that the analyst sees continued potential in DRDGold's stock, which could be positive for investor sentiment. However, the reduction in the price target may reflect a more cautious stance on the company's valuation or expected performance, which could temper investor expectations and potentially lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100