Anglo American: UBS raises its recommendation

( – UBS raises its recommendation on Anglo American from ‘neutral’ to ‘buy’, with a price target maintained at 2,500 pence, a target which holds a potential increase of 17% for the mining company’s stock of South African origin.

‘Anglo American has suffered the most remarkable underperformance among diversified mining companies in the United Kingdom this year’, notes the broker, which is therefore switching to buying ‘while PGMs and diamonds are now in trough’.

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