JPMorgan Chase & Co. Lowers Boliden AB (publ) (OTCMKTS:BDNNY) to Underweight

Boliden AB (publ) (OTCMKTS:BDNNY – Get Rating) was downgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other brokerages have also recently issued reports on BDNNY. Deutsche Bank Aktiengesellschaft boosted their price target on Boliden AB (publ) from SEK 370 to SEK 380 and gave the company a “hold” rating in a research report on Friday, January 20th. Nordea Equity Research cut Boliden AB (publ) from a “buy” rating to a “hold” rating in a research report on Wednesday, February 8th. Pareto Securities cut Boliden AB (publ) from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. Credit Suisse Group began coverage on Boliden AB (publ) in a research report on Thursday. They issued an “underperform” rating on the stock. Finally, Royal Bank of Canada cut Boliden AB (publ) from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $364.00.

Boliden AB (publ) Trading Up 1.0 %

BDNNY opened at $84.36 on Friday. The business’s 50-day simple moving average is $84.07 and its 200-day simple moving average is $73.06. Boliden AB has a one year low of $55.19 and a one year high of $108.20.

Boliden AB (publ) Company Profile

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Boliden AB engages in the exploration, mining, smelting, and recycling of metals. It operates through the Business Area Smelters and Business Area Mines segments. The Business Area Smelters segment consists of Kokkola and Odda zinc smelters, the Ronnskar and Harjavalta copper smelters, and the Bergsoe lead smelter; and is involved in trade of smelters’ products.