Itau BBA upgraded Vale to Outperform from Market Perform with an $18 price target.
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Read More on VALE:
- Vale call volume above normal and directionally bullish
- Vale downgraded to Neutral from Overweight at JPMorgan
- 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’