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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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