Scotiabank Downgrades Anglogold Ashanti to Sector Underperform, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Tanya Jakusconek has downgraded Anglogold Ashanti (NYSE:AU) from Sector Perform to Sector Underperform while raising the price target from $27 to $30.
August 19, 2024 | 12:11 pm
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Scotiabank has downgraded Anglogold Ashanti from Sector Perform to Sector Underperform, but raised the price target from $27 to $30.
The downgrade to Sector Underperform suggests a negative outlook on the stock's performance, which is likely to put downward pressure on the stock price in the short term. However, the raised price target to $30 indicates some positive long-term potential.
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