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Fly News Breaks for July 11, 2019
SCCO
Jul 11, 2019 | 07:04 EDT
As previously reported, Macquarie analyst Xiao Feng initiated Southern Copper with an Underperform rating and $35 price target. Xiao believes Southern Copper's cash generation will be under pressure when capital spending is peaking while copper prices are expected to trend down. As a results, the analyst views shares as "stretched" during the expected demand slowdown.
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