Citi analyst Alexander Hacking raised the firm’s price target on Southern Copper to $60 from $40 and keeps a Sell rating on the shares. The analyst updated his copper models ahead of the Q4 results and to incorporate higher copper price forecasts from Citi’s global commodity team.
Published first on TheFly
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- Wolfe upgrades Southern Copper to Peer Perform on falling costs
- Southern Copper upgraded to Peer Perform from Underperform at Wolfe Research
- Southern Copper price target raised to $50 from $45 at Deutsche Bank
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