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via seekingalpha.comBusiness & Companies

Morgan Stanley upgrades Nexa Resources to Overweight with $14.20 price target

FROM THE WIRE · SEEKINGALPHA.COM

[Zinc mine nugget] bagi1998/iStock via Getty Images Nexa Resources (NEXA [https://seekingalpha.com/symbol/NEXA]) rose 2.1% in Wednesday's trading as Morgan Stanley upgraded the zinc miner and smelter to Overweight from Equal Weight with a $14.20 price target, raised from $13.50…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAn analyst upgrade on a zinc producer reflects attractive valuations and commodity price upside forecasts.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Morgan Stanley upgraded Nexa Resources to Overweight from Equal Weight with a $14.20 price target, raised from $13.50.
  2. 02The stock's decline despite zinc and copper prices rising 5% and 8% over three months creates an attractive entry point.
  3. 03Morgan Stanley forecasts another 13% upside to zinc prices in Q1 2027 and 5% in 2027.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Nexa Resources S.A.NEXAStock12.60 USDMarket closedtoday +1.20%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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