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Fly News Breaks for November 12, 2018
SCCO
Nov 12, 2018 | 05:53 EDT
Citi analyst Alexander Hacking downgraded Southern Copper to Sell citing increased political risk in Mexico. The company's generates around 75% of its operating income from Mexico and its "rich valuation is at risk" under the new regime, Hacking tells investors in a research note. The analyst lowered his price target for the shares to $33 from $43.