Scotiabank Downgrades SilverCrest Metals to Sector Perform, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has downgraded SilverCrest Metals (AMEX:SILV) from Sector Outperform to Sector Perform, while raising the price target from $7.5 to $8.
May 23, 2024 | 2:58 pm
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Scotiabank has downgraded SilverCrest Metals from Sector Outperform to Sector Perform, while raising the price target from $7.5 to $8.
The downgrade from Sector Outperform to Sector Perform suggests a less optimistic outlook on the stock's performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $8 indicates some underlying confidence in the company's value, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100