Glencore upgraded by leading Wall Street bank - here's why
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Morgan Stanley has upgraded Glencore PLC to 'overweight', suggesting the market has overreacted to concerns about coal prices and trading business pressures. The bank sees Glencore as an attractive buying opportunity.
February 18, 2025 | 9:45 am
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Morgan Stanley upgraded Glencore to 'overweight', indicating the market has overreacted to coal price concerns. This suggests a positive outlook for Glencore's stock.
Morgan Stanley's upgrade to 'overweight' suggests confidence in Glencore's prospects despite market concerns. This is likely to positively impact GLCNF's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80