JPMorgan upgraded Impala Platinum to Overweight from Neutral with a price target of ZAR 146, up from ZAR 99. The analyst adjusted European metals and mining ratings heading into the Q1 reports. China’s targeted policy support for manufacturing and infrastructure, inflation stickiness, plus extreme sector underperformance can attract capital into selective undervalued mining equities, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>