Scotiabank Upgrades Newmont to Sector Outperform, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has upgraded Newmont (NYSE:NEM) from Sector Perform to Sector Outperform and raised the price target from $48 to $59.
August 19, 2024 | 12:10 pm
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Scotiabank has upgraded Newmont from Sector Perform to Sector Outperform and increased the price target from $48 to $59.
The upgrade from Sector Perform to Sector Outperform and the significant increase in the price target from $48 to $59 by Scotiabank is likely to positively impact Newmont's stock price in the short term. Analyst upgrades generally lead to increased investor confidence and buying activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100