Jefferies Initiates Coverage On Southern Copper with Hold Rating, Announces Price Target of $91
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Alejandro Demichelis has initiated coverage on Southern Copper (NYSE:SCCO) with a Hold rating and a price target of $91.
September 18, 2023 | 8:56 am
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Jefferies has initiated coverage on Southern Copper with a Hold rating and a price target of $91.
The Hold rating from Jefferies indicates a neutral outlook for Southern Copper in the short term. The price target of $91 suggests that the analyst sees potential for the stock's price to reach this level. However, as this is an initiation of coverage, it may not have a significant immediate impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100