Anglo American: stock up on broker cimments
(CercleFinance.com) - Anglo American shares are up 5% in London today, after upbeat comments from Oddo BHF, which has upgraded its rating on the mining company's shares from "underperform" to "neutral", while rraisingbits target price from 2,200 to 2,450 pence.
Anglo is now entering a better phase, in particular thanks to the ongoing ramp-up of Quellaveco and the expected increase in production in several businesses, particularly coal, the analyst said, who also highlighted the stock's "attractive" valuation.
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Anglo is now entering a better phase, in particular thanks to the ongoing ramp-up of Quellaveco and the expected increase in production in several businesses, particularly coal, the analyst said, who also highlighted the stock's "attractive" valuation.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.