Bernstein upgraded Boliden to Outperform from Market Perform with a price target of SEK 362.50, down from SEK 365. The analyst thinks the macro environment could shift in the company’s favor and believes its operational issues are “over-punished” in the shares. As such, Boliden’s risk/reward is favorable from here, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BDNNY:
- Boliden price target lowered to SEK 360 from SEK 390 at Deutsche Bank
- Boliden upgraded to Neutral from Underperform at Exane BNP Paribas
- Boliden upgraded to Equal Weight from Underweight at Morgan Stanley
- Boliden price target lowered to SEK 320 from SEK 385 at Barclays
- Boliden downgraded to Hold from Buy at DNB Markets