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M Stanley Lifts JIANGXI COPPER (00358.HK) TP to $18.7, Rating Overweight
2024-05-03 10:10:45
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.
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