Morgan Stanley Downgrades Compañía de Minas to Equal-Weight, Raises Price Target to $16.3
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba downgraded Compañía de Minas (NYSE:BVN) from Overweight to Equal-Weight but raised the price target from $10.9 to $16.3.
March 12, 2024 | 9:18 am
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Morgan Stanley downgraded Compañía de Minas to Equal-Weight from Overweight, but increased the price target to $16.3.
The downgrade to Equal-Weight suggests a neutral outlook on BVN's stock, indicating that the stock might perform in line with the market. However, the increase in the price target to $16.3 from $10.9 reflects a positive adjustment in the expected valuation of the company. This mixed signal could lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100