JPMorgan downgraded IGO Limited to Underweight from Neutral with a price target of A$4.50, down from A$5.40. The firm recommends taking profits in base metals and says material cuts to its lithium price forecasts drives downgrades in the Australian mining group.
Claim 30% 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 IPGDF: