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Fly News Breaks for November 7, 2019
RIO, NGLOY
Nov 7, 2019 | 05:11 EDT
Goldman Sachs analyst Eugene King downgraded Anglo American (NGLOY) to Neutral from Buy and removed the stock from Goldman's Conviction List with a price target of 2,200 pence, down from 2,300. Anglo is 25% off its August lows and its current valuation better reflects its forecasted returns profile, King tells investors in a research note. Rio Tinto (RIO) is now the analyst's top pick in Europe Metals & Mining.