HC Wainwright & Co. Maintains Buy on Endeavour Silver, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on Endeavour Silver (NYSE:EXK) but lowers the price target from $6 to $5.5.
March 12, 2024 | 10:41 am
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NEUTRAL IMPACT
Endeavour Silver's Buy rating is maintained by HC Wainwright & Co., but the price target is reduced from $6 to $5.5.
While the maintenance of a Buy rating suggests continued confidence in Endeavour Silver's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100