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Fly News Breaks for January 16, 2020
PAAS
Jan 16, 2020 | 06:16 EDT
BofA analyst Lawson Winder downgraded Pan American Silver to Underperform from Neutral with an unchanged $20.50 price target. The analyst cites the 62% run-up in the stock during 2019, and while shares have sold off modestly year-to-date, Winder believes that they remain "historically expensive". The analyst further notes that Pan American's 2020 production and capex guidance announced yesterday were a "disappointment".
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