Southern Copper moves up on BB&T Buy recommendation

|About: Southern Copper Corporation (SCCO)|By:, SA News Editor

Southern Copper (SCCO +1.6%) is upgraded to Buy from Hold with a $34 price target at BB&T, which believes SCCO is poised to deliver significant production growth starting in 2015.

The firm thinks the stock's risk/reward profile has improved greatly following higher expectations which have been reset in the past few quarters, tightening global copper supply/demand, and projected higher output upon completion of the Buenavista expansion.