Antofagasta price target lowered to 21.50 GBp from 24 GBp at Scotiabank

Scotiabank lowered the firm’s price target on Antofagasta to 21.50 GBp from 24 GBp and keeps a Sector Perform rating on the shares. The firm has lowered its near-term commodity price outlook to reflect the impact of weaker global demand, which seems to be more than offsetting supply-side challenges, the analyst tells investors.