BMO Capital Maintains Market Perform on First Majestic Silver, Lowers Price Target to C$8
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Kevin O'Halloran has maintained a Market Perform rating on First Majestic Silver, while reducing the price target from C$8.5 to C$8.
January 17, 2024 | 2:21 pm
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NEUTRAL IMPACT
BMO Capital has maintained its Market Perform rating on First Majestic Silver but lowered the price target from C$8.5 to C$8, indicating a potential limited upside or downside.
The reduction in price target by BMO Capital suggests that the analyst sees less potential for price appreciation than previously thought, which could lead to a neutral or slightly negative investor sentiment in the short term. However, since the rating was not downgraded, the impact may be moderate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100