HSBC Downgrades Harmony Gold Mining Co to Reduce
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Leroy Mnguni downgrades Harmony Gold Mining Co (NYSE:HMY) from Hold to Reduce, indicating a bearish outlook on the company's stock.
April 19, 2024 | 4:43 pm
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HSBC analyst Leroy Mnguni downgrades Harmony Gold Mining Co from Hold to Reduce, suggesting a negative outlook on the stock's future performance.
The downgrade by HSBC from Hold to Reduce directly impacts Harmony Gold Mining Co's stock as it reflects a bearish sentiment from a major financial institution. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
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