UBS Maintains Neutral on Newmont, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Cleve Rueckert has maintained a Neutral rating on Newmont (NYSE:NEM) but has reduced the price target from $42 to $40.
December 13, 2023 | 3:21 pm
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UBS analyst Cleve Rueckert maintains a Neutral rating on Newmont and lowers the price target from $42 to $40.
The reduction in price target by UBS suggests a less optimistic outlook on Newmont's stock value, which could lead to a negative perception among investors and potentially cause a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100