Citi raised the firm’s price target on Southern Copper (SCCO) to $108 from $89.10 and keeps a Sell rating on the shares. The firm upped its copper price forecast to $12,000 per ton in the first half of 2026 due to mine outages and strong demand.
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Read More on SCCO:
- Southern Copper upgraded to Equal Weight from Underweight at Morgan Stanley
- Southern Copper initiated with an Equal Weight at Wells Fargo
- Southern Copper price target raised to $155 from $130 at Jefferies
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- Southern Copper price target raised to $110 from $100 at UBS