Scotiabank Maintains Sector Outperform on Wheaton Precious Metals, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Tanya Jakusconek maintains a Sector Outperform rating on Wheaton Precious Metals (NYSE:WPM) but lowers the price target from $60 to $59.

February 28, 2024 | 8:32 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Outperform rating on Wheaton Precious Metals but lowers the price target from $60 to $59.
The adjustment in price target by Scotiabank, while maintaining a positive Sector Outperform rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. This could lead to a neutral short-term impact on the stock as investors digest the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100