B of A Securities Upgrades Alamos Gold to Buy, Raises Price Target to $27.25
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Harmen Puri upgraded Alamos Gold (NYSE:AGI) from Neutral to Buy and increased the price target from $21.75 to $27.25.

April 09, 2024 | 11:40 am
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Alamos Gold was upgraded from Neutral to Buy by B of A Securities, with a price target increase from $21.75 to $27.25.
The upgrade from Neutral to Buy by a significant financial institution like B of A Securities, accompanied by a substantial increase in the price target, suggests a strong positive outlook for Alamos Gold. This is likely to instill confidence in investors and could lead to a short-term increase in the stock price as market participants react to the upgraded rating and higher price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100