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How Analysts View Vale after a Round of Upgrades in 2017

Annie Gilroy
How Analysts View Vale after a Round of Upgrades in 2017

The number of analysts recommending “buy” for Vale (VALE) has fallen in the last few months. Currently, 56% of analysts covering the stock recommend “buy,” compared with 65% at the end of December 2017. Approximately 39% of analysts recommend “hold,” and 5% recommend “sell.” Vale’s target price implies a 3% upside based on its current market price.