Bank of America has downgraded Ero Copper (NYSE:ERO) from a “buy” to a “neutral” rating, contributing to a “Moderate Buy” consensus rating with an average target price of $32.50. This follows similar downgrades from other brokerages, including Wall Street Zen, TD Cowen, Stifel Nicolaus, and TD Securities. Shares of Ero Copper were trading down approximately 2.9% following the announcement.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ero Copper (NYSE:ERO) Lowered to "Neutral" Rating by Bank of America
Bank of America has downgraded Ero Copper (NYSE:ERO) from a “buy” to a “neutral” rating, contributing to a “Moderate Buy” consensus rating with an average target price of $32.50. This follows similar downgrades from other brokerages, including Wall Street Zen, TD Cowen, Stifel Nicolaus, and TD Securities. Shares of Ero Copper were trading down approximately 2.9% following the announcement.