Scotiabank lowered the firm’s price target on Vale (VALE) to $12.50 from $13 and keeps a Sector Perform rating on the shares. With weaker steel demand in China and globally, the firm believes continued market discipline will be necessary, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VALE:
- Positive Outlook on Vale SA: Strategic Positioning and Market Conditions Drive Buy Rating
- Vale call volume above normal and directionally bullish
- Vale S.A. Maintains Equity Holdings as of June 30, 2025
- Vale put volume heavy and directionally bearish
- Vale S.A. Renegotiates Major Freight Agreements with VLI