RBC Capital analyst Marina Calero downgraded Anglo American to Sector Perform from Outperform with a price target of 2,600 GBp, down from 3,100 GBp. The impact from the fire at Grosvenor remains unknown, but RBC expects the event to delay the ongoing sale of the met coal division, removing one of the key near term catalysts from the investment case, the analyst tells investors in a research note.
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