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 but lowers the price target from $16 to $15.5.
September 19, 2024 | 5:44 pm
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Morgan Stanley has maintained its Overweight rating on Vale but has reduced the price target from $16 to $15.5, indicating a slightly less optimistic outlook.
The reduction in the price target from $16 to $15.5 suggests a slightly less optimistic view on Vale's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100