Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Fortescue Metals Group Ltd (FSUMF – Research Report) and Southern Copper (SCCO – Research Report).
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Fortescue Metals Group Ltd (FSUMF)
In a report released today, Rahul Anand from Morgan Stanley maintained a Buy rating on Fortescue Metals Group Ltd, with a price target of A$21.20. The company’s shares closed last Tuesday at $12.75.
According to TipRanks.com, Anand is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Fortescue Metals Group Ltd with a $12.26 average price target.
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Southern Copper (SCCO)
Southern Copper received a Hold rating and a $132.00 price target from Morgan Stanley analyst Carlos De Alba yesterday. The company’s shares closed last Tuesday at $126.73, close to its 52-week high of $129.79.
According to TipRanks.com, Alba is a 5-star analyst with an average return of
Southern Copper has an analyst consensus of Hold, with a price target consensus of $106.09.
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