CIBC downgraded Gatos Silver (GATO) to Tender from Outperformer with a price target of $16, down from $19. With three months passed since the First Majestic takeover announcement, the firm believes the potential of an interloper has significantly decreased.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GATO:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue