First Quantum Minerals price target lowered to C$23.40 from C$25 at Barclays

Barclays analyst Ian Rossouw lowered the firm’s price target on First Quantum Minerals (FQVLF) to C$23.40 from C$25 and keeps an Overweight rating on the shares. Post last week’s “disappointing” guidance update, investor focus will likely shift to First Quantum’s ongoing asset sales processes to boost balance sheet liquidity, the analyst tells investors in a research note.