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Morgan Stanley Sticks to Its Buy Rating for KGHM Polska Miedz SA (KGHPF)

Tipranks - Tipranks - Wed Feb 4, 1:06AM CST

In a report released today, Ioannis Masvoulas from Morgan Stanley maintained a Buy rating on KGHM Polska Miedz SA, with a price target of PLN360.00.

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Masvoulas covers the Basic Materials sector, focusing on stocks such as Lundin Mining, Antofagasta, and Stora Enso Oyj. According to TipRanks, Masvoulas has an average return of 6.7% and a 62.25% success rate on recommended stocks.

Currently, the analyst consensus on KGHM Polska Miedz SA is a Moderate Buy with an average price target of PLN355.25.

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Based on KGHM Polska Miedz SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of PLN8.32 billion and a net profit of PLN433 million. In comparison, last year the company earned a revenue of PLN8.66 billion and had a net profit of PLN240 million

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