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UPDATE: Deutsche Bank Upgrades Barrick Gold on Multiple Positive Factors

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In a report published Wednesday, Deutsche Bank analyst Jorge Beristain upgraded the rating on Barrick Gold Corporation (NYSE: ABX) from Hold to Buy, and raised the price target from $20.00 to $30.00.

In the report, Deutsche Bank noted, “Our lone upgrade is Barrick, which we raise to Buy from Hold, as we take ‘on faith' management's follow-through to respond to corporate governance concerns, cut costs, slim its portfolio and clear a path to free cash flow.”

Barrick Gold Corporation closed on Tuesday at $18.03.

Latest Ratings for ABX

DateFirmActionFromTo
Aug 2016Morgan StanleyInitiates Coverage onEqual-weight
Aug 2016BarclaysMaintainsEqual-weight
Aug 2016CitigroupInitiates Coverage onBuy

View More Analyst Ratings for ABX
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Jorge BeristainAnalyst Color Upgrades Analyst Ratings

 

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