Boliden AB Stock Price Affected by Analyst Reports and Market Trends
Boliden AB, a Swedish materials company, experienced a mixed day on the stock market. The company’s stock price was influenced by various analyst reports and market trends.
JP Morgan and Citigroup Lower Price Targets
JP Morgan lowered its price target for Boliden to 280 kronor from 300 kronor, while maintaining an “underweight” recommendation. Citigroup also lowered its price target to 315 kronor from 325 kronor, but kept a “neutral” recommendation.
Market Sentiment and OMXS30 Index
The company’s stock price was influenced by the overall positive market sentiment, with the OMXS30 index rising 1.6% on the day. However, the price of Boliden’s stock remained relatively stable.
Analyst Concerns
Some analysts expressed concerns about the potential for a decline in copper prices and lower demand, which may impact Boliden’s stock price in the future.
Key Statistics
- JP Morgan price target: 280 kronor (previously 300 kronor)
- Citigroup price target: 315 kronor (previously 325 kronor)
- OMXS30 index: rose 1.6% on the day