BofA analyst Guilherme Rosito downgraded Ero Copper (ERO) to Neutral from Buy with a price target of C$45, down from C$49, following the company’s weaker-than-expected 2026 guidance. While volumes were revised lower and costs revised higher, the firm believes the stock “should have corrected more” given that the firm sees the current valuation as one that appears to discount either higher copper prices or a materially stronger execution profile than recent delivery supports, the analyst tells investors.
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