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Southern Copper moves up on BB&T Buy recommendation

Dec. 30, 2013 12:48 PM ETSouthern Copper Corporation (SCCO) StockSCCOBy: Carl Surran, SA News Editor2 Comments
  • 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.

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