AngloGold Ashanti reinstated with an Overweight at JPMorgan

JPMorgan reinstated coverage of AngloGold Ashanti with an Overweight rating. China’s economic activity has recently stabilized, with September manufacturing output benefiting from targeted policy support, the analyst tells investors in a research note. The firm says near-term potential for further fiscal stimulus for additional infrastructure spend could provide near-term upside for broad metals demand.