Morgan Stanley Maintains Overweight on Vale, Lowers Price Target to $15.5
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 $15.5.

June 21, 2024 | 9:23 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Vale but lowers the price target from $18 to $15.5.
The lowered price target from $18 to $15.5 suggests a less optimistic outlook for Vale's stock price, which could lead to a short-term negative impact on the stock. However, the maintained Overweight rating indicates that the analyst still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100