Boliden: Morgan Stanley drops 'Overweight' rating
(CercleFinance.com) - Morgan Stanley has downgraded its rating on the share of the Scandinavian mining and metallurgical group Boliden from "overweight" to "equal weight," which adjusting its target price from 230 Swedish kronor to 240 Swedish kronor, in a sector report.
"EU Metals & Mining equities rebounded sharply from the trough, leaving some laggards behind," the broker says, who believes that shares such as Glencore have opportunities to catch up.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"EU Metals & Mining equities rebounded sharply from the trough, leaving some laggards behind," the broker says, who believes that shares such as Glencore have opportunities to catch up.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.