JPMorgan analyst Dominic O’Kane downgraded Glencore (GLNCY) to Neutral from Overweight with a price target of 400 GBp, up from 370 GBp. The firm believes stock selection is tougher in European miners following the recent share rallies.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLNCY:
- Glencore price target raised to 400 GBp from 370 GBp at Morgan Stanley
- Glencore downgraded to Hold from Buy at Berenberg
- Glencore, PPX Mining sing LOI for strategic investment, offtake collaboration
- Glencore price target raised to 400 GBp from 380 GBp at Citi
- Perpetua in discussions with Glencore, others for U.S. antimony, Reuters says