Wells Fargo Lowers Price Target for Southern Copper Amid Copper Price Increases
Wells Fargo has reduced its price target for Southern Copper (SCCO) from $192 to $186, despite a copper price rally driven by mine disruptions and rising costs. The move comes as Southern Copper, a major copper producer not yet in the S&P 500, faces mixed analyst opinions, with Scotiabank recently raising its price target but maintaining a cautious outlook.
Topics: copper price target Scotiabank Southern Copper stock analysis Wells Fargo