Deutsche Bank Downgrades Vale to Hold, Announces $17 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Liam Fitzpatrick has downgraded Vale (NYSE:VALE) from Buy to Hold and set a price target of $17.

November 16, 2023 | 1:30 pm
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Vale's stock rating has been downgraded by Deutsche Bank from Buy to Hold with a new price target of $17.
A downgrade from Buy to Hold typically suggests that the analyst believes the stock will not outperform the market in the near term, which could lead to a negative investor sentiment and a potential decrease in the stock price. The announcement of a price target provides a specific expectation for the stock's future price level, which in this case is set at $17.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100