Goldman Sachs Maintains Sell on Southern Copper, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Thiago Ojea has maintained a Sell rating on Southern Copper (NYSE:SCCO) but raised the price target from $61 to $82.
March 22, 2024 | 3:41 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Southern Copper but raises the price target from $61 to $82.
The maintenance of a Sell rating by Goldman Sachs suggests a negative outlook on Southern Copper's stock, despite the increase in price target. This could indicate that while the analyst sees some positive aspects or improvements in the company's valuation, the overall assessment remains bearish. Investors might interpret the raised price target as a sign of some underlying value not previously accounted for, but the Sell rating is likely to have a more significant impact on short-term sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100