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Antofagasta target price lifted on copper upside

Bernstein has upped its target price for Antofagasta (LSE:ANTO), saying that upside remained for the copper pure play despite a recent pull back in the share price.

Antofagasta target price lifted on copper upside Antofagasta target price lifted on copper upside Antofagasta target price lifted on copper upside Antofagasta target price lifted on copper upside Antofagasta target price lifted on copper upside

Antofagasta's Los Pelambres copper operation is at the bottom half of the global cash cost curve

The bank increased the target price to £11 (US$14.