UPDATE: Citigroup Downgrades Southern Copper Corp. to Neutral, Reiterates $41 PT
Posted on January 30, 2013 at 09:09 AM EST
In a report published Wednesday, Citigroup downgraded its rating on Southern Copper Corp. (NYSE: SCCO ) from Buy to Neutral, and reiterated its $41.00 price target. Citigroup noted, “We downgrade Southern Copper to Neutral with an unchanged target price of US$41/sh (and remove the stock from Citi's Latin America Focus