Nexa Resources price target lowered to $4 from $4.50 at Scotiabank

Scotiabank lowered the firm’s price target on Nexa Resources (NEXA) to $4 from $4.50 and keeps an Underperform rating on the shares. The firm released relatively mixed results for Q2 and trimmed its guidance for FY25, the analyst tells investors. Given the lower estimate, the firm sees the update as overall negative for the shares.