UBS recently elevated Vale’s rating from ‘neutral’ to ‘buy,’ signaling a brighter outlook for the mining heavyweight. Accordingly, they’ve increased the target price for Vale’s ADRs from $13 to $15. As of midday in Brasília, Vale’s shares had climbed by 1.22% to R$64.96; the ADRs, even more notably, jumped by 1.99% to $12.84. This positive […]
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