Anglo American: UBS downgrades stock
(CercleFinance.com) - UBS has downgraded its rating on the Anglo-American mining stock from "neutral" to "sell," while maintaining its target price at 1,800 pence, which suggests downside potential of 8%.
"The Anglo share is close to a 6yr high," the broker points out, which states " We see better value, cash returns & growth with other diversified miners".
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.