HSBC upgraded Glencore to Buy from Hold with an unchanged price target of 90 GBp. The analyst says the company’s strong cash conversion underpins lower net debt. Glencore’s fiscal 2023 profit conversion came in ahead of expectatoins, the analyst tells investors in a research note.
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 the top stocks recommended by analysts >>
Read More on GLNCY: