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Fly News Breaks for September 18, 2018
GFI, AU
Sep 18, 2018 | 06:41 EDT
RBC Capital analyst James Bell downgraded AngloGold (AU) to Sector Perform from Outperform and lowered his price target to ZAR13,000 from ZAR13,200. The analyst says the "large diversified gold miner business is under pressure" and needs to be addressed, but adds that the company's new CEO Kevin Dushinsky is up to the task. Bell adds that AngloGold's valuation is less attractive than some of its South Africa peers like Gold Fields (GFI).
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