Antofagasta bags double JPMorgan upgrade as copper prospects improve
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Antofagasta PLC received a double upgrade from JPMorgan analysts, who now rate the miner as 'overweight' due to improving copper prospects. This upgrade is based on anticipated fiscal stimulus measures at China's upcoming National People's Congress meeting.
February 19, 2025 | 1:45 pm
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Antofagasta PLC has been upgraded to 'overweight' by JPMorgan due to positive outlooks for copper and expected fiscal stimulus in China.
JPMorgan's upgrade to 'overweight' suggests increased investor confidence in Antofagasta's future performance, driven by improving copper prospects and potential fiscal stimulus in China, which is a major consumer of copper.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100