Scotiabank Maintains Sector Underperform on Compañía de Minas, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Tanya Jakusconek maintains a Sector Underperform rating on Compañía de Minas (NYSE:BVN) and raises the price target from $13 to $15.
May 01, 2024 | 7:54 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Underperform rating on Compañía de Minas but raises the price target from $13 to $15.
While the upgrade in price target from $13 to $15 suggests a positive outlook on the valuation of Compañía de Minas, the maintenance of a Sector Underperform rating indicates ongoing concerns or underperformance relative to the sector. This mixed signal could lead to neutral market reaction in the short term as investors weigh the increased price target against the underperform rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100