Scotiabank Downgrades Newmont to Sector Perform, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has downgraded Newmont (NYSE:NEM) from Sector Outperform to Sector Perform and reduced its price target from $59 to $55.
October 25, 2024 | 12:36 pm
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Scotiabank has downgraded Newmont from Sector Outperform to Sector Perform, reducing the price target from $59 to $55.
The downgrade from Scotiabank suggests a less optimistic view on Newmont's performance, which could lead to a negative short-term impact on its stock price. The lowered price target further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100