Analysts on Wall Street Lower Ratings for These 5 Stocks

04. Ero Copper Corp. (NYSE:ERO)

Price Reaction after the Downgrade: -0.83 (-3.86%)

On August 31, Ero Copper Corp. (NYSE:ERO), a prominent player in the mining industry, found itself amid a significant market shift. This transformation was initiated by a deliberate decision from Scotiabank to downgrade its stock rating, signifying a notable change in perspective regarding the company’s potential performance. Having previously held the distinction of being a “Sector Outperform,” which pointed towards positive expectations for the stock’s performance within its sector, Ero Copper Corp. (NYSE:ERO) rating was adjusted down to “Sector Perform” by Scotiabank. This recalibration signifies a more impartial viewpoint, indicating that the trajectory of the stock’s growth might align more closely with the broader performance trends prevalent in its sector. The immediate reaction from the market was mirrored in the stock’s present value of $20.68, which underwent a decline of -3.9%.