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Fly News Breaks for September 7, 2018
VALE
Sep 7, 2018 | 06:03 EDT
Jefferies analyst Christopher Lafemina upgraded Vale to Buy and raised his price target for the shares to $16 from $15. The long-term benefit from quality ore premiums is not reflected in the current valuation, Lafemina tells investors in a research note. The analyst also raised his 2019 and 2020 earnings estimates for Vale.
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