JP Morgan Maintains Underweight on Harmony Gold Mining Co, Lowers Price Target to $4.8
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Patrick Jones maintains an Underweight rating on Harmony Gold Mining Co (NYSE:HMY) and lowers the price target from $5.8 to $4.8.
July 03, 2024 | 2:00 pm
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JP Morgan analyst Patrick Jones maintains an Underweight rating on Harmony Gold Mining Co (NYSE:HMY) and lowers the price target from $5.8 to $4.8. This suggests a bearish outlook on the stock.
The Underweight rating and lowered price target from a major financial institution like JP Morgan indicate a negative outlook on Harmony Gold Mining Co. This is likely to put downward pressure on the stock price in the short term.
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IMPORTANCE 80
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