Glencore price target cut on weak coal pricing and underwhelming results
Portfolio Pulse from
Deutsche Bank has reduced its price target for Glencore PLC due to weak coal prices and underwhelming 2024 results, but maintains a 'buy' rating, citing deep value.
February 28, 2025 | 2:30 pm
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Deutsche Bank has lowered its price target for Glencore PLC from 480p to 450p due to weak coal prices and underwhelming 2024 results, but maintains a 'buy' rating.
The reduction in price target reflects negative sentiment due to weak coal prices and underwhelming results, which could pressure the stock price. However, the maintained 'buy' rating suggests potential value, mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80