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<Research>M Stanley Lifts JIANGXI COPPER (00358.HK) TP to $18.7, Rating Overweight
Recommend 7 Positive 10 Negative 3 |
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Morgan Stanley issued a research report updating its forecasts for JIANGXI COPPER (00358.HK) to reflect actual earnings in 1Q24. Morgan Stanley raised its full-year copper price forecasts to reflect better price performance YTD. As a result, Morgan Stanley increased its 2024-2026 EPS forecasts for JIANGXI COPPER by 13%/ 1%/ 1%, respectively. Morgan Stanley lifted its target price on JIANGXI COPPER from $18.3 to $18.7, which is equivalent to 0.8x of projected 2024 PB ratio, with rating at Overweight. AAStocks Financial News |
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