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Southern Copper, Prudential and Illinois Tool Works face Q3 scrutiny
MarketBeat says Southern Copper has 14 Reduce ratings, with a 12-month low forecast of $105.82, as Q3 earnings approach.
MarketBeat Ratings highlights three companies with Reduce or neutral analyst sentiment entering earnings season, arguing that earnings results can act as the proof needed for potential sentiment shifts.
According to MarketBeat, its Lowest-Rated Stocks screener identifies Southern Copper, Prudential Financial and Illinois Tool Works as examples of how analysts may keep bearish or Hold ratings while still raising price targets, pending clearer evidence from upcoming earnings.
The screen for Southern Copper shows a 12-month stock price forecast range, MarketBeat says, with a high forecast of $175.89, an average forecast of $146.38, and a low forecast of $105.82.
The article also notes Southern Copper is the top example of the pattern, listing 14 analyst ratings and a current price of $205.77.
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