UBS upgraded Anglo American to Buy from Neutral with an unchanged price target of 2,500 GBp. The analyst sees an attractive risk/reward following the stock’s underperformance. The firm says the stock is not a value trap.
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Read More on NGLOY:
- Anglo American price target lowered to 2,200 GBp from 2,500 GBp at Berenberg
- Anglo American upgraded to Buy at Deutsche on cash flow recovery potential
- Anglo American upgraded to Buy from Hold at Deutsche Bank
- Anglo American price target raised to 2,900 GBp from 2,800 GBp at Jefferies
- Anglo American upgraded to Outperform from Neutral at Oddo BHF