Vale S.A. (VALE) Faces Diverging Analyst Calls Amid Iron Ore Market Shifts
Vale S.A. (NYSE:VALE) is one of the best metal stocks to buy right now. On January 9, Scotiabank downgraded Vale S.A. (NYSE:VALE) to Sector Perform from Sector Outperform, even as it raised the price target to 14, citing pressure on iron ore markets from rising supply and Guinea’s Simandou mine ramp‑up. Vale S.A. (VALE) Faces Diverging Analyst Calls Amid Iron Ore Market Shifts Pixabay/Public Domain The bank warned that weak steel demand in China and limited stimulus could drive benchmark iron ...