Jefferies Maintains Buy on Newmont, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Matthew Murphy has maintained a Buy rating on Newmont (NYSE:NEM) and raised the price target from $54 to $63.
October 04, 2024 | 5:17 pm
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Jefferies has reaffirmed its Buy rating on Newmont and increased the price target from $54 to $63, indicating a positive outlook for the stock.
The increase in the price target from $54 to $63 by Jefferies suggests a positive outlook for Newmont's stock, likely leading to a short-term price increase. The Buy rating indicates confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100