Morgan Stanley Maintains Underweight on Nexa Res, Raises Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Underweight rating on Nexa Resources (NYSE:NEXA) but raises the price target from $7 to $7.5.
June 21, 2024 | 9:26 am
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NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on Nexa Resources but raises the price target from $7 to $7.5.
The Underweight rating suggests a bearish outlook, but the slight increase in the price target indicates some positive sentiment. Overall, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100