Anglo American: UBS downgrades stock
(CercleFinance.com) - UBS has downgraded its recommendation on Anglo American from 'buy' to 'hold', despite raising its target price from 2,500 pence to 2,750 pence, noting that restructuring will take time for the South African mining company.
UBS says that "There is upside on a sum of parts but it will take time to realise; we now see the commodity price risk reward as more balanced..."
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.