JP Morgan Maintains Overweight on Vale, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rodolfo Angele maintains an Overweight rating on Vale (NYSE:VALE) but lowers the price target from $20.5 to $20.
April 12, 2024 | 3:36 pm
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JP Morgan maintains an Overweight rating on Vale, with a reduced price target from $20.5 to $20.
The reduction in price target by JP Morgan, despite maintaining an Overweight rating, could lead to short-term negative sentiment among investors, potentially impacting Vale's stock price negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100