TD Cowen upgrades Newmont to Buy, lowers target to $127
TD Cowen analyst Steven Green upgraded Newmont from Hold to Buy and lowered the price target to $127 from $129, signaling increased confidence despite the reduced valuation target.

*this image is generated using AI for illustrative purposes only.
TD Cowen analyst Steven Green has upgraded Newmont (NYSE: NEM) from Hold to Buy while lowering the price target to $127 from $129. The rating change signals increased confidence in the stock's performance potential despite the reduction in the valuation target.
Rating and Target Details
The research note shifts the brokerage's stance to positive, highlighting a revised investment thesis. The price target adjustment reflects a recalibration of expected returns based on current market conditions.
| Metric | Value |
|---|---|
| Rating | Buy |
| Previous Rating | Hold |
| Previous Price Target | $129 |
| New Price Target | $127 |
What specific factors drove the increased confidence in Newmont's performance potential despite the lower price target?
How might current market conditions influence Newmont's ability to meet the revised price target?
What are the potential risks or challenges Newmont could face in the near term?



























