Anglo American: UBS upgrades stock
(CercleFinance.com) - UBS has upgraded its recommendation on Anglo American shares from 'neutral' to 'buy', maintaining its target price at 2,700 pence, i.
e. 19% upside potential for the South African mining company's shares.
"We upgrade Anglo to Buy; the risk/reward has improved after the fall in copper & iron ore and the break-up progresses", the broker says, which adds that Anglo American "either re-rates or will be acquired..."
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
e. 19% upside potential for the South African mining company's shares.
"We upgrade Anglo to Buy; the risk/reward has improved after the fall in copper & iron ore and the break-up progresses", the broker says, which adds that Anglo American "either re-rates or will be acquired..."
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.