Citigroup Maintains Sell on Southern Copper, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking maintains a Sell rating on Southern Copper (NYSE:SCCO) but raises the price target slightly from $99.44 to $100.
October 02, 2024 | 7:04 pm
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Citigroup's analyst maintains a Sell rating on Southern Copper, indicating a bearish outlook, but slightly raises the price target to $100, suggesting a minor positive adjustment in valuation.
The maintained Sell rating suggests a negative outlook on SCCO's stock, which could lead to downward pressure on the stock price. The slight increase in the price target to $100 indicates a minor positive adjustment in valuation, but the overall sentiment remains bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100