Scotiabank Maintains Sector Underperform on Southern Copper, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Alfonso Salazar has maintained a Sector Underperform rating on Southern Copper (NYSE:SCCO) and increased the price target from $53 to $55.

April 18, 2024 | 1:22 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Underperform rating on Southern Copper, raising the price target from $53 to $55.
While the increase in price target from $53 to $55 suggests a slightly more positive outlook on Southern Copper's valuation, the maintenance of a Sector Underperform rating indicates a continued bearish stance on the stock's performance relative to its sector. This mixed signal could lead to neutral short-term price movement as investors weigh the improved price target against the underlying bearish rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100