Wells Fargo raised the firm’s price target on Southern Copper (SCCO) to $144 from $137 and keeps an Equal Weight rating on the shares. The firm says supply constraints can support copper and aluminum prices, especially through Q3 2026. Wells also points out that steep power costs and copper switching especially boost aluminum.
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Read More on SCCO:
- Southern Copper downgraded to Underperform from Market Perform at Itau BBA
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