HSBC analyst Howard Lau upgraded China Molybdenum to Buy from Hold with a price target of Rmb 6.10, up from Rmb 4.70. The analyst forecasts more upside in cement, steel, aluminum and copper companies, but sees paper and glass as fairly valued.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly