Vale has a "cocktail of positive catalysts" that will boost the stock in 2023 and beyond, according to Morgan Stanley. Analyst Carlos De Alba upgraded Vale to overweight from equal weight and upped his price target to $20, which implies upside of 21.7% from Thursday's close. The Brazil-based mining company is mainly focused on iron ore and nickel.
De Alba said the company partnering with an electric vehicle or battery maker could help achieve those goals through upping the perceived value of its nickel and copper business. Reopening measures in China should also help the stock as it's tied directly to iron ore production abilities. A full re-opening is expected by Morgan Stanley in spring 2023, though there will likely be some remaining restrictions as rollout takes place.
Just a matter of time before MorganStanley put a buy recommend on UFO AlienMetals strategically located in the worlds🌏No1 mining jurisdiction WA🇦🇺and will become a Tier1 safe & dependable supplier of Critical Raw Materials unaffected by leftist political movements. IronOre
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley downgrades Airbnb on travel demand concerns, see shares falling the next 12 monthsAfter a tough year, Morgan Stanley sees even more downside for Airbnb.
Source: CNBC - 🏆 12. / 72 Read more »
China Eastern takes delivery of the world's first made-in-China C919 jetThe world's first C919, a Chinese-made narrowbody jet, was delivered to launch customer China Eastern Airlines in Shanghai on Friday and took off for a 15-minute flight to mark the historic moment. Hurry up to produce, otherwise NATO will not sell you Boeing and Airbus aircraft! not sure I would get on a plane with 'made in china' stamped on the bottom ..
Source: Reuters - 🏆 2. / 97 Read more »
Naomi Ackie's Whitney Houston Performance Gave Stanley Tucci 'Chills''But [Naomi] has a beautiful voice herself, so she's singing these songs along with the playback and it gives you chills....She's incredibly moving.'
Source: etnow - 🏆 696. / 51 Read more »
Stanley Johnson Signs With Sioux Falls Of G LeagueStanley Johnson Signs With Sioux Falls Of G League - RealGM Wiretap That is the Heat G-League team. I wonder if they want to keep him or put him in a trade.
Source: RealGM - 🏆 580. / 51 Read more »
Dijon Stanley, Granada Hills football look to run its way to a CIF State titleSeven passes. No completions. No problem. Dijon Stanley and Granada Hills have run its way to a historic season and a CIF State final appearance.
Source: ladailynews - 🏆 332. / 59 Read more »
Signature Bank, Silvergate Capital sustain downgrades due to crypto exposureSignature Bank and Silvergate Capital, two financial companies with exposure to the digital currency universe, have seen their share prices fall sharply since cryptocurrency broker FTX blew up nearly one month ago. We have a whole video on this topic posted to TradingView recently.
Source: MarketWatch - 🏆 3. / 97 Read more »