Ero Copper Upgraded to Buy by Bank of America Amid Expected Higher Output in H2
Bank of America upgraded Ero Copper (ERO) from Neutral to Buy, citing a 53% discount compared to copper peers on an enterprise value-to-EBITDA basis. Despite the upgrade, shares fell 3.3%. The firm expects stronger output across operations in the second half.
Topics: Bank of America upgrade copper sector valuation Ero Copper