Outotec Price Target Cut to €7.40 (M6Q)
Investment analysts at UBS AG lowered their price objective on shares of Outotec (EU:M6Q) from €8.40 ($11.51) to €7.40 ($10.14) in a note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has a “sell” rating on the stock.
A number of other analysts have also recently weighed in on M6Q. Analysts at SEB Equity Research upgraded shares of Outotec from a “sell” rating to a “hold” rating in a research note to investors on Monday. They now have a €8.50 ($11.64) price target on the stock, down previously from €9.00 ($12.33). Analysts at Goldman Sachs Group Inc. downgraded shares of Outotec from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average target price of €9.64 ($13.20).
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