B of A Securities Upgrades Vale to Buy, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Caio Ribeiro has upgraded Vale (NYSE:VALE) from Neutral to Buy and set a price target of $20.

November 20, 2023 | 11:46 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Vale's stock rating has been upgraded by B of A Securities from Neutral to Buy with a new price target of $20.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better outlook for the company. The new price target of $20 indicates a potential upside from the current trading price, which can attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100