Boliden: UBS downgrades its recommendation

(CercleFinance.com) - UBS downgrades Boliden shares from 'neutral' to 'sell', having 16% downside potential for the Swedish mining company's shares in its TP, maintained at 300 SEK.


Although Boliden is present in copper, the broker stresses that it is not a "pure player", that it is facing headwinds in smelting, that zinc seems vulnerable and that high investments will penalize free cash flow.


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