Berenberg analyst Richard Hatch downgraded Antofagasta (ANFGF) to Hold from Buy with an unchanged price target of 3,700 GBp. The firm cites valuation for the downgrade following the stock’s recent rally. It expects more of a sideways share price direction before further upside.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANFGF:
- Antofagasta initiated with a Neutral at Oddo BHF
- Antofagasta Cuts Net Cash Costs as Growth Projects Stay on Track
- Antofagasta price target raised to 3,150 GBp from 2,930 GBp at Morgan Stanley
- Antofagasta price target raised to 3,200 GBp from 3,100 GBp at JPMorgan
- Antofagasta price target lowered to 2,880 GBp from 2,930 GBp at Morgan Stanley