Berenberg upgraded Glencore (GLNCY) to Buy from Hold with a price target of 480 GBp, up from 350 GBp. The firm is “constructive” on the mining sector as we go into 2026, but thinks commodity prices and mining equities “have scope to be volatile.” As such, 2026 will be a year of more active portfolio management for investors, the analyst tells investors in a research note.
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