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SCCOBearishStock Splitnews
Materiality pending

1 Stock-Split Stock That Can Plunge 52%, According to Wall Street

Jun 23, 2024, 4:04 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Southern Copper Corp. enacted a 10-for-1 stock split, resulting in adjusted $115 share price. - Analysts from Goldman Sachs, Morgan Stanley, and Scotiabank turned bearish on SCCO. - Bears have a $63 consensus target for SCCO, with one firm targeting $52.36. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Industry News

  • Southern Copper Corp. enacted a 10-for-1 stock split, resulting in adjusted $115 share price.
  • Analysts from Goldman Sachs, Morgan Stanley, and Scotiabank turned bearish on SCCO.
  • Bears have a $63 consensus target for SCCO, with one firm targeting $52.36.

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