HSBC analyst Shilan Modi downgraded Anglo American to Hold from Buy with a price target of 1,800 GBp, down from 2,500 GBp. The analyst says the company can no longer be viewed as a growth stock following the guidance cut which included volume cuts across all divisions.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NGLOY:
- Anglo American price target lowered by 290 GBp at Barclays
- Anglo American price target lowered by 200 GBp at RBC Capital
- Anglo American price target lowered by 100 GBp at Deutsche Bank
- Oddo BHF gets more bearish on Anglo American, downgrades shares
- Anglo American just downgraded at BMO Capital, here’s why