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Anglo American Platinum downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Dominic O’Kane downgraded Anglo American Platinum (AGPPF) to Underweight from Neutral with a price target of $27, down from $28. The firm forecasts Anglo Platinum’s imminent de-merger will “crystallize selling pressure.” It also placed the shares on “Negative Catalyst Watch.”

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