JPMorgan analyst Patrick Jones upgraded Lundin Mining to Overweight from Neutral with a price target of C$17.30, down from C$18.20. The JPMorgan commodities team remains constructive on copper into 2025 and sees the market shifting to deficit next year, while near-term demand indicators have also turned more positive, the analyst tells investors in a research note. The firm says Lundin ‘s potential risks from related-party acquisitions have now played out following Filo Corp. getting acquired.
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