RBC Capital Maintains Outperform on Vale, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tyler Broda has maintained an 'Outperform' rating on Vale (NYSE:VALE) and raised the price target from $14 to $15.
November 03, 2023 | 7:38 pm
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POSITIVE IMPACT
RBC Capital has maintained an 'Outperform' rating on Vale and raised the price target from $14 to $15, which could positively impact the stock.
The 'Outperform' rating indicates that the analyst believes Vale will do better than the market average. The increase in price target from $14 to $15 suggests the analyst sees potential for the stock's price to rise. This could lead to increased investor confidence and a potential increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100