Fly News Breaks for March 3, 2020
Mar 3, 2020 | 07:11 EDT
As previously reported, Morgan Stanley analyst Carlos De Alba upgraded Vale to Overweight from Equal Weight with a $13.50 price target. Vale shares are now fully discounting all potential liabilities related to the Brumadinho dam collapse and have become "too cheap to ignore," contends De Alba. He sees strong cash flow generation and expects dividends to resume in the second half of this year, the analyst added.
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