TD Securities Cuts Silver Wheaton (SLW) to Hold Amid 'Neutral' Q1 Results, Cites 'Industry Multiple Compression'
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Price: $20.91 --0%
Rating Summary:
7 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
7 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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TD Securities' Daniel Earle downgraded shares of Silver Wheaton (NYSE: SLW) from Buy to Hold in an intraday research note Monday. The analyst's price target was lowered from $40 to $32.
The lowered investment rating follows Q1 results from Silver Wheaton this morning. The stock is down about 6 percent to $24.85 this afternoon.
The analyst called the earnings miss neutral, but said the downgrade was based on "industry multiple compression."
For an analyst ratings summary and ratings history on Silver Wheaton click here. For more ratings news on Silver Wheaton click here.
The lowered investment rating follows Q1 results from Silver Wheaton this morning. The stock is down about 6 percent to $24.85 this afternoon.
The analyst called the earnings miss neutral, but said the downgrade was based on "industry multiple compression."
For an analyst ratings summary and ratings history on Silver Wheaton click here. For more ratings news on Silver Wheaton click here.
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