B of A Securities Upgrades Hudbay Minerals to Buy, Announces $9 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lawson Winder upgrades Hudbay Minerals (NYSE:HBM) from Neutral to Buy and sets a $9 price target.
April 09, 2024 | 11:46 am
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Hudbay Minerals was upgraded from Neutral to Buy by B of A Securities analyst Lawson Winder, with a new price target of $9.
The upgrade from Neutral to Buy by a significant financial institution like B of A Securities indicates a positive outlook on Hudbay Minerals' future performance. The setting of a $9 price target suggests an expectation of stock price appreciation, which could influence investor sentiment and potentially lead to a short-term increase in HBM's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100