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 $97 to $100.
September 19, 2024 | 5:42 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on Southern Copper but raises the price target to $100, indicating a slightly more positive outlook.
The Underweight rating suggests a cautious stance, but the raised price target indicates a slightly improved outlook. This mixed signal may result in a neutral short-term impact on SCCO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100