Raymond James raised the firm’s price target on Hudbay Minerals (HBM) to C$34 from C$26 and keeps an Outperform rating on the shares. The price target change is part of Raymond James’ mining update. The firm continues to favor copper in the base metals complex, as it expected growing deficits in the medium to long term.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HBM: