Glencore: Credit Suisse downgrades share

(CercleFinance.com) - Credit Suisse has downgraded its rating on the Glencore share from "outperform" to "neutral," having cut its corresponding target price from 2.
60 pounds to 1.70 pounds, after ut cut its EBITDA forecasts for the commodities group by 23% for 2020 and 15% for 2021.

"While we certainly see long-term value in Glencore, we still hold a very cautionary outlook on the sector from here," analysts say, who see "risks near term and material downgrades".


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