Roth MKM Maintains Buy on New Pacific Metals, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Joe Reagor maintains a Buy rating on New Pacific Metals (AMEX:NEWP) but lowers the price target from $6 to $5.
June 28, 2024 | 2:11 pm
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NEUTRAL IMPACT
Roth MKM analyst Joe Reagor maintains a Buy rating on New Pacific Metals but lowers the price target from $6 to $5.
The maintained Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more conservative outlook on its potential upside. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100