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Fly News Breaks for January 17, 2020
VEDL
Jan 17, 2020 | 04:48 EDT
Citi downgraded Vedanta to Neutral from Buy with a price target of INR 170, down from INR 180. The firm sees the company's earnings being pressured by a lack of optimism over commodity prices. Aluminum prices may struggle to find further upside as the physical market is likely to shift to a surplus due to an increase in Chinese inventories once de-stocking ends, Citi says.
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