Lundin Mining downgraded to Market Perform from Outperform at BMO Capital

BMO Capital analyst Jackie Przybylowski downgraded Lundin Mining to Market Perform from Outperform with a price target of C$8, down from C$8.50. The analyst’s valuation analysis shows the stock "to be fully valued at the present time." In addition, market sentiment could shift to the higher-beta equities if confidence in the near-term macro outlook improves, Przybylowski tells investors in a research note.