Bernstein analyst Bob Brackett downgraded Anglo American to Market Perform from Outperform with a price target of 3,120 GBp, down from 3,580 GBp. The analyst says the uncertainty around catalysts for the hydrogen revolution undermines his long term conviction in the shares.
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Published first on TheFly
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Read More on NGLOY:
- Anglo American price target lowered to 3,600 GBp from 4,100 GBp at JPMorgan
- Anglo American price target lowered to 2,720 GBp from 3,165 GBp at Barclays
- Anglo American price target lowered to 3,100 GBp at Credit Suisse
- Anglo American price target lowered to 2,700 GBp from 3,000 GBp at Berenberg
- Anglo American downgraded to Underweight from Equal Weight at Morgan Stanley