JPMorgan analyst Dominic O’Kane double upgraded Antofagasta (ANFGF) to Overweight from Underweight with a price target of 2,400 GBp, up from 1,600 GBp. The firm cites its positive long-term copper outlook and the company’s “leading” medium-term copper growth for the double upgrade.
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Read More on ANFGF:
- Antofagasta PLC Achieves Strong Financial Results in 2024 with Increased Revenue and Robust EBITDA
- Antofagasta Reports Strong 2024 Financial Results with Increased EBITDA and Dividend Proposal
- Antofagasta price target raised to 2,300 GBp from 2,200 GBp at Citi
- Antofagasta price target raised to 1,800 GBp from 1,760 GBp at Morgan Stanley
- Antofagasta upgraded to Hold from Reduce at Peel Hunt
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