Barclays raised the firm’s price target on Vale (VALE) to $15.50 from $14.50 and keeps an Overweight rating on the shares. The firm is “constructive” on the European miners, seeing upside risks for copper and precious metals amid expectations a Federal Reserve easing cycle.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VALE: