Scotiabank Maintains Sector Perform on Newmont, Lowers Price Target to $43.5
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Tanya Jakusconek maintains a Sector Perform rating on Newmont (NYSE:NEM) and lowers the price target from $50 to $43.5.
February 28, 2024 | 8:26 pm
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Scotiabank maintains a Sector Perform rating on Newmont and lowers the price target from $50 to $43.5.
The reduction in price target by Scotiabank suggests a less optimistic outlook on Newmont's stock performance in the short term. This could lead to negative sentiment among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100