JPMorgan analyst Lyndon Fagan downgraded Sims Ltd. to Underweight from Neutral with a price target of A$12, down from A$12.80. The analyst expects "reopening fatigue" to set into shares of Australia metals and mining companies.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly