UBS Downgrades Newmont to Neutral, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Daniel Major has downgraded Newmont (NYSE:NEM) from Buy to Neutral and reduced the price target from $67 to $54.
October 30, 2024 | 11:36 am
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UBS has downgraded Newmont from Buy to Neutral and reduced its price target from $67 to $54, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by UBS suggests a less favorable view on Newmont's stock, which could lead to a negative short-term impact on its price. The reduction in the price target from $67 to $54 further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100