Scotiabank Maintains Sector Outperform on Hudbay Minerals, Raises Price Target to C$15
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw maintains a Sector Outperform rating on Hudbay Minerals and raises the price target from C$14.5 to C$15.
May 28, 2024 | 2:02 pm
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Scotiabank has maintained its Sector Outperform rating on Hudbay Minerals and increased the price target from C$14.5 to C$15, indicating a positive outlook for the stock.
The increase in the price target and the maintained Sector Outperform rating from a reputable analyst at Scotiabank suggests a positive short-term impact on Hudbay Minerals' stock price. Investors are likely to view this as a strong endorsement of the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100