Boliden: Morgan Stanley drops 'Overweight' rating

(CercleFinance.com) - Morgan Stanley has downgraded its rating on the share of the Scandinavian mining and metallurgical group Boliden from "overweight" to "equal weight," which adjusting its target price from 230 Swedish kronor to 240 Swedish kronor, in a sector report.


"EU Metals & Mining equities rebounded sharply from the trough, leaving some laggards behind," the broker says, who believes that shares such as Glencore have opportunities to catch up.


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