Broker Recommendations

Morgan Stanley upgrades Glencore, says concerns overdone

By Michele Maatouk

Date: Tuesday 18 Feb 2025

(Sharecast News) - Morgan Stanley upgraded Glencore on Tuesday to 'overweight' from 'equalweight' as it argued that concerns about deteriorating coal prices and around marketing profits in a low-volatility post-war world are "exaggerated".
Morgan Stanley noted that the shares have substantially lagged their diversified mining peers as well as their own...

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