Scotiabank Maintains Sector Underperform on Southern Copper, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Alfonso Salazar has maintained a Sector Underperform rating on Southern Copper (NYSE:SCCO) and lowered the price target from $54 to $52.
October 15, 2024 | 3:11 pm
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Scotiabank has maintained a Sector Underperform rating on Southern Copper and reduced the price target from $54 to $52, indicating a bearish outlook.
The maintenance of a Sector Underperform rating and the reduction in the price target from $54 to $52 by Scotiabank suggests a negative outlook on Southern Copper's stock performance. This is likely to lead to a short-term decrease in the stock price as investors react to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100