Anglo American: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse reinstates its "outperform" rating on the Anglo American share, having raised its corresponding target price from 1800 pence to 2020 pence, following the mining company's stock's strong performance in recent months.


The broker believes that this performance "is a simple reflection of what we have seen in the underlying commodities," and that "the shares are yet to reflect the longer-term drivers in the company's recovery from the pandemic".


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