Morgan Stanley Upgrades Harmony Gold to Overweight
Morgan Stanley upgraded Harmony Gold (HMY) to Overweight from Equal Weight and raised its price target to ZAR 34,000. The upgrade is attributed to higher gold price forecasts and Harmony's underperformance relative to peers, though its recent revenue growth and dividend policy revision are notable factors.
Tickers: $HMY
Topics: dividend policy earnings estimates gold mining Morgan Stanley stock upgrade