Scotiabank Maintains Sector Outperform on Ivanhoe Electric, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw maintains a Sector Outperform rating on Ivanhoe Electric (AMEX:IE) but lowers the price target from $14.5 to $14.

August 19, 2024 | 3:20 pm
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NEUTRAL IMPACT
Scotiabank has maintained its Sector Outperform rating for Ivanhoe Electric but has slightly reduced the price target from $14.5 to $14, indicating a minor adjustment in expectations.
The maintenance of the Sector Outperform rating suggests continued confidence in Ivanhoe Electric's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall positive outlook is maintained.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100