Scotiabank Maintains Sector Perform on Vale, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Alfonso Salazar has maintained a Sector Perform rating on Vale (NYSE:VALE) but has lowered the price target from $17 to $16.
October 15, 2024 | 3:08 pm
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Scotiabank has maintained its Sector Perform rating on Vale but reduced the price target from $17 to $16, indicating a slightly less optimistic outlook.
The lowering of the price target from $17 to $16 by Scotiabank suggests a slightly less optimistic view on Vale's future performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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