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 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly