Morgan Stanley Maintains Underweight on Southern Copper, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Underweight rating on Southern Copper (NYSE:SCCO) but raises the price target from $81.7 to $100.
June 21, 2024 | 9:21 am
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Morgan Stanley analyst Carlos De Alba maintains an Underweight rating on Southern Copper (NYSE:SCCO) but raises the price target from $81.7 to $100.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100