JPMorgan analyst Rodolfo Angele downgraded Vale to Neutral from Overweight with a price target of $17.50, down from $20.
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Read More on VALE:
- GM competing for stake in Vale’s base metals unit, Bloomberg reports
- General Motors competing for stake in Vale base metals unit, Bloomberg says
- RBC downgrades Vale, says shares ‘moved past fair value’
- Vale downgraded to Sector Perform from Outperform at RBC Capital
- Vale put volume heavy and directionally bearish