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Fly News Breaks for December 2, 2019
GLNCY
Dec 2, 2019 | 04:47 EDT
RBC Capital analyst Tyler Broda upgraded Glencore to Outperform from Sector Perform with a 290 GBp price target. The shares now trade at a 33% discount to the sector on a net asset value basis, Broda tells investors in a research note. The analyst is more positive on Glencore's commodity mix and believes its December 3 investor update could be a catalyst for the stock.
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