PANORAMIC RESOURCES LIMITED ((PAN)) Upgrade to Outperform from Neutral by Macquarie .B/H/S: 2/0/0Macquarie upgrades its copper price forecasts in the short-term by 20% and 30% in the medium-term to incorporate energy transition-related demand. The improved outlook leads to a threefold rise in the earnings forecasts for Panoramic Resources over FY21-FY25.The rating is upgraded to Outperform from Neutral with the target of 19c from 17c.
all positive news is welcome- even Brokers!!!
PAN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
