Iamgold shares are trading higher after National Bank Financial upgraded the stock from Sector Perform to Outperform and raised its price target from $8.5 to $11.
Portfolio Pulse from Benzinga Newsdesk
Iamgold shares rise following an upgrade by National Bank Financial, which improved its rating from Sector Perform to Outperform and increased the price target from $8.5 to $11.
October 10, 2024 | 7:32 pm
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POSITIVE IMPACT
Iamgold's stock received a boost after National Bank Financial upgraded its rating to Outperform and increased the price target to $11, indicating positive sentiment and potential for price appreciation.
The upgrade from Sector Perform to Outperform by a reputable financial institution like National Bank Financial is likely to increase investor confidence in Iamgold. The raised price target from $8.5 to $11 suggests expectations of future growth, which can lead to increased buying activity and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100