Morgan Stanley Maintains Equal-Weight on Southern Copper, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Equal-Weight rating on Southern Copper (NYSE:SCCO) and raises the price target from $67 to $74.
June 22, 2023 | 9:38 am
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on Southern Copper (NYSE:SCCO) and raises the price target from $67 to $74.
Morgan Stanley's decision to maintain an Equal-Weight rating on Southern Copper indicates a neutral outlook for the stock. However, the raised price target from $67 to $74 suggests a potential upside, but it may not be significant enough to impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100