Scotiabank Maintains Sector Outperform on Metals Acquisition, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Eric Winmill maintains a Sector Outperform rating on Metals Acquisition (NYSE:MTAL) but lowers the price target from $17 to $16.
August 19, 2024 | 3:13 pm
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Scotiabank's analyst Eric Winmill continues to rate Metals Acquisition as Sector Outperform, indicating confidence in the company's performance, but has adjusted the price target downwards from $17 to $16.
The maintained Sector Outperform rating suggests continued confidence in MTAL's performance, but the lowered price target indicates a slight reduction in expected upside. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100