Barclays reinstated coverage of Glencore with an Equal Weight rating and 475 GBp price target. The analyst says short-term capital commitments and required balance sheet deleveraging prior to an intended coal spin-off leave shareholder returns relatively muted for 2024 and 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 GLNCY: