UPDATE: Morgan Stanley Reiterates on Southern Copper After 4Q13 Comes In Below Expectations
February 07, 2014 at 08:30 AM EST
In a report published Friday, Morgan Stanley analyst Carlos De Alba reiterated an Equal-Weight rating on Southern Copper (NYSE: SCCO ), but removed the $32.90 price target. In the report, Morgan Stanley noted, “EBITDA of $726M, up 6% Q/Q and down 19% Y/Y, came in 3% below our estimate of