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Angloamerican: Oddo says strategic acquisition, but neutral

(CercleFinance.com) - An analyst at Oddo BHF this morning confirms a "neutral" rating on the Angloamerican share, after the group announced the acquisition of Sirius Minerals.

The broker says that this is "a strategic acquisition at a reasonable price" and that it "makes sense".

As a result, the broker has raised its target price from 2,100 pence to 2,400 pence, meaning upside potential of 7%.

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