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Fly News Breaks for September 26, 2019
FQVLF
Sep 26, 2019 | 05:05 EDT
BMO Capital analyst Jackie Przybylowski downgraded First Quantum Minerals to Market Perform from Outperform with a price target of C$11.50, down from C$15. The analyst, who continues to assume the company is not acquired, views First Quantum as fully valued given the "weaker" macro environment and recent commodity price changes. Without an acquisition premium, First Quantum is fully valued at current prices, says Przybylowski.
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