Morgan Stanley Maintains Overweight on Vale, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Vale (NYSE:VALE) but lowers the price target from $18 to $17.

June 22, 2023 | 9:35 am
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Morgan Stanley maintains an Overweight rating on Vale (NYSE:VALE) and lowers the price target from $18 to $17.
Morgan Stanley's lowered price target for Vale may cause some short-term uncertainty among investors, but the Overweight rating indicates a positive outlook for the stock. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100