UPDATE: Credit Suisse Downgrades Barrick Gold (ABX) to Neutral
(updated to add analyst comment)
Credit Suisse downgraded Barrick Gold (NYSE: ABX) from Outperform to Neutral with a price target of $19.00 (from $22.00).
Analyst Anita Soni comments that now is "time to take a pause" as momentum on the re-rating story is decelerating on the heels of complete efforts to repair the balance sheet and heavy lifting asset sales.
For an analyst ratings summary and ratings history on Barrick Gold click here. For more ratings news on Barrick Gold click here.
Shares of Barrick Gold closed at $15.75 yesterday.