Conflicting Analysts on Vale (VALE): Morgan Stanley Upgrades to Overweight, HSBC Downgrades to Underweight

We've got some mixed signals coming from the Street on shares of Vale (Nasdaq: VALE) today, with one analyst upgrading the stock and another issuing a downgrade.

• Morgan Stanley upgraded Vale from Equalweight to Overweight, also raising it's price target on the stock from $20 to $27.
  
• HSBC downgraded the stock from Neutral to Underweight.

The Morgan Stanley upgrade seems to be outweighing the HSBC call today: shares of Vale are currently up 0.4% to $20.69.

To see all the analyst calls specifically for Vale, visit our Analyst Ratings page.

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