Gold Fields price target raised to $18.20 from $15.10 at JPMorgan

JPMorgan raised the firm’s price target on Gold Fields to $18.20 from $15.10 and keeps a Neutral rating on the shares. The firm says industrial metal prices “have been quick to react” to China economic policy announcements, up 10% in the last two weeks. The analyst recommends reducing exposure at these levels, saying the metals do not appear to assign significant risk premia to trade-related outcomes, specifically higher tariffs.