JP Morgan Upgrades Harmony Gold Mining Co to Neutral, Raises Price Target to $8.2
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has upgraded Harmony Gold Mining Co (NYSE:HMY) from Underweight to Neutral, raising the price target from $4.9 to $8.2.
October 10, 2024 | 12:18 pm
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POSITIVE IMPACT
JP Morgan has upgraded Harmony Gold Mining Co from Underweight to Neutral, with a new price target of $8.2, indicating a positive outlook.
The upgrade from Underweight to Neutral by JP Morgan suggests improved confidence in Harmony Gold's performance. The significant increase in the price target from $4.9 to $8.2 indicates a positive reassessment of the company's valuation, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100