Deutsche Bank Downgrades Southern Copper (SCCO) to Sell, 'Ordinary growth & returns but valuation extraordinary'
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Southern Copper's (SCCO) premium valuation 'unwarranted' - Deutsche Bank
November 23, 2022 11:57 AM ESTSouthern Copper Corp. (NYSE: SCCO) was downgraded to Sell from Hold, with a price target of $45 per share by Deutsche Bank analyst Abhi Agarwal on Wednesday.
The analyst argued that the stock has ordinary growth and returns, but its valuation is extraordinary.
"Southern Copper (SCCO) shares have outperformed over the last one month (up 23% vs peers up 14%) driven by a rally in copper prices... More
