Barclays analyst Amos Fletcher downgraded Boliden to Underweight from Overweight with a price target of SEK 300, down from SEK 365. European miners could have a “decent” Q4 with seasonality tailwinds, near-term support for base metals from potential China stimulus and global rate cuts, the analyst tells investors in a research note. The firm says equity positioning is at multi-year lows. It double downgrades Boliden into earnings season.
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Read More on BDNNY:
- Boliden downgraded to Underweight from Neutral at JPMorgan
- Boliden price target raised to SEK 350 from SEK 340 at Citi
- Boliden price target lowered to SEK 280 from SEK 310 at Morgan Stanley
- Boliden price target lowered to SEK 270 from SEK 300 at Berenberg
- Boliden price target lowered to SEK 365 from SEK 380 at Barclays