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Fly News Breaks for March 26, 2018
GOLD
Mar 26, 2018 | 04:54 EDT
Goldman Sachs analyst Eugene King upgraded Randgold Resources while lowering his price target for the shares to 7,500p from 8,000p. The analyst sees an attractive entry point following the stock's recent selloff. He notes that Goldman's commodities team is bullish on gold for the first time in more than five years based on higher inflation, rising emerging market wealth and concerns about an equity correction. King upgraded his sector view to Attractive citing his firm's bullish gold outlook.
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