(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation and its price target of 2,500 pence on Anglo American, representing an upside potential of 23% for the stock, after the mining company’s update last Friday, at the intention of investors.
‘We raised Anglo last week expecting forecasts to be reduced,’ recalls the broker. ‘The reductions are more aggressive than expected BUT we still think the risk/reward is attractive…’
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