As previously reported, BofA analyst Caio Ribeiro upgraded Vale (VALE) to Buy from Neutral with a price target of $11.50, up from $11. After the recent pressure on shares post tariffs, Vale’s discounted valuation, combined with its “improved bottom-up story,” offer “enough margin of safety” to accommodate the firm’s more cautious iron ore view, 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: