OM:BOLMetals and Mining
Boliden (OM:BOL) Is Up 6.2% After JPMorgan Upgrade Linked To Tighter Copper Outlook - Has The Bull Case Changed?
JPMorgan recently upgraded Boliden’s rating to Neutral from Underweight and raised its earnings forecasts after incorporating updated commodity price assumptions and company guidance.
The bank’s expectation of tighter copper supply and stronger quarter-on-quarter performance highlights how Boliden’s exposure to base metals could become more important to its earnings profile.
We’ll now examine how JPMorgan’s upgrade, underpinned by a tighter copper outlook, interacts with Boliden’s existing...