Scotiabank Downgrades Orla Mining to Sector Perform, Maintains C$5.75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Ovais Habib has downgraded Orla Mining from Sector Outperform to Sector Perform while maintaining a price target of C$5.75.
May 23, 2024 | 2:54 pm
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NEGATIVE IMPACT
Scotiabank has downgraded Orla Mining from Sector Outperform to Sector Perform, maintaining a price target of C$5.75. This downgrade may lead to a short-term negative impact on the stock price.
The downgrade from Sector Outperform to Sector Perform by a reputable analyst like Ovais Habib at Scotiabank is likely to be perceived negatively by investors. Maintaining the price target at C$5.75 suggests no expected upside, which could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100