UBS Upgrades Newmont to Buy, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Daniel Major has upgraded Newmont (NYSE:NEM) from Neutral to Buy and raised the price target from $40 to $50.
June 17, 2024 | 5:30 pm
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POSITIVE IMPACT
UBS analyst Daniel Major has upgraded Newmont from Neutral to Buy and increased the price target from $40 to $50.
The upgrade from Neutral to Buy and the significant increase in the price target from $40 to $50 by UBS is likely to positively impact Newmont's stock price in the short term. Analyst upgrades often lead to increased investor confidence and buying activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100