Anglo American: Oddo BHF cuts target price

(CercleFinance.com) - Oddo BHF reiterates its "buy" rating on the Anglo American share, although has cut its corresponding target price from 1700 pence to 1600 pence, with the mining group's management "taking note of the confinement measures in South Africa".


The broker notes that Kumba and Thermal Coal South Africa are the most affected at this stage, and that platinum constitutes a major force for Anglo American. Oddo BHF announces a further reduction in its earnings expectations for the group.


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