(CercleFinance.com) – The title is down 1% at the end of the session after several analyses.
Credit Suisse reiterates ‘outperform’ view on Anglo American with price target lowered from £33 to £31, following EBITDA estimates for fiscal years 2023-2025 cut by 12%, 7% and 6% respectively .
The broker justifies this lowering by the mining company’s point for investors and analysts at the end of last week, with objectives for the 2023 and 2024 financial years reduced by 10% and 6% compared to last year’s point.
‘Nevertheless, we maintain our ‘outperformance’ opinion because we appreciate the growth of Anglo American (copper equivalent + 11% in 2024 compared to 2022) and the mix of raw materials ‘, nuance Credit Suisse.
Barclays for its part reaffirms its recommendation ‘weight in line’ on Anglo American with a price target lowered by 14% to 27.20 pounds sterling, after a point of the mining company with investors and analysts at the end of the week last.
The broker specifies that this point has led to “volumes significantly lower than medium-term forecasts”, which leads it to reduce its 2022-24 EBITDA estimates by -2%, -15% and -13% and to an expectation of free cash flow that is ‘unattractive compared to peers’.
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