UBS Downgrades Barrick Gold to Neutral, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Daniel Major has downgraded Barrick Gold from Buy to Neutral and lowered the price target from $23 to $22.
October 30, 2024 | 11:47 am
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NEGATIVE IMPACT
UBS has downgraded Barrick Gold from Buy to Neutral, with a reduced price target of $22, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by UBS suggests a less favorable view on Barrick Gold's stock, which could lead to a negative short-term impact on its stock price. The lowered price target from $23 to $22 further supports this cautious stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100