TD Securities Downgrades Newmont to Hold, Announces $46 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Securities analyst Greg Barnes has downgraded Newmont (NYSE:NEM) from Buy to Hold and set a price target of $46.
January 10, 2024 | 3:09 pm
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NEGATIVE IMPACT
Newmont has been downgraded by TD Securities from Buy to Hold with a price target of $46.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $46 may also set a ceiling for the stock's expected performance, influencing investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100