AngloGold downgraded by BMO to Market Perform; $115 target
AngloGold Ashanti NYSE:AU fell 4.2% on Thursday after BMO Capital downgraded the shares to Market Perform from Outperform and set a $115 price target. BMO analyst Raj Ray cited the stock’s strong relative outperformance over the past three years.
2% in Thursday trading after BMO Capital cut the stock to Market Perform from Outperform and set a $115 price target. BMO analyst Raj Ray said AngloGold’s NYSE:AU shares now command a meaningful premium after strong relative outperformance over the past three years.