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Fly News Breaks for May 31, 2017
VALE
May 31, 2017 | 06:33 EDT
HSBC analyst Jonathan Brandt upgraded Vale to Buy and raised his price target for the shares to $10.50 from $10. The recent decline in iron ore prices has mitigated risk, and the focus should now shift to the company's "strong" free cash flow generation and 6% dividend yield, Brandt tells investors in a research note.
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