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Fly News Breaks for October 24, 2018
NGLOY, RIO
Oct 24, 2018 | 11:57 EDT
As previously reported, Societe Generale analyst Sergey Donskov upgraded Anglo American (NGLOY) to Buy from Hold and downgraded Rio Tinto (RIO) to Hold from Buy after adjusting his short-term commodity price assumptions, trimming them for base metals and raising them for bulks. He cites Anglo American's improved financial, commodity mix and currency exposure in his upgrade and raised his price target on the stock to GBP18.90 from GBP17.50. On Rio, he cites a more cautious stance on iron ore and cut his price target to GBP38.30 from GBP40.50.
News For RIO;NGLOY From the Last 2 Days
NGLOY
Apr 25, 2024 | 16:29 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
NGLOY
Apr 25, 2024 | 12:19 EDT
Anglo American (NGLOY) doesn't view BHP's (BHP) proposed $39B takeover bid as attractive, Reuters' Clara Denina, Amy-Jo Crowley and Anousha Sakoui report, citing two sources. According to one source, the offer does not address the complexities of demerging the Anglo American Platinum and Kumba Iron Ore businesses in South Africa. Anglo's board is expected to give a formal response in the coming days. Reference Link
NGLOY
Apr 25, 2024 | 12:09 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
NGLOY
Apr 24, 2024 | 17:24 EDT
BHP Group (BHP) is weighing a possible acquisition of Anglo American (NGLOY), Bloomberg's Crystal Tse, Dinesh Nair, and Thomas Biesheuvel report, citing people with knowledge of the matter. The company has recently been evaluating the possibility of an offer for Anglo American, the authors note. Reference Link