Jefferies analyst Mitch Ryan downgraded IGO Limited to Hold from Buy with a price target of A$15.50, down from A$18, after updating its commodity views and outlook on Australia’s Metals & Mining group to reflects a more positive view of a Chinese-led recovery, offsetting weakness in the U.S. and Europe in 2023.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on IPGDF: