Jefferies Downgrades Anglo American plc (AAUKY) to Hold; Resolved AAS Dispute
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Price: $3.94 --0%
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Jefferies downgraded Anglo American plc (OTC: AAUKY) from Buy to Hold.
Analyst, Christopher LaFemina, said, "Anglo announced yesterday that it has come to an agreement with Codelco to resolve the ongoing dispute relating to the AAS assets in Chile. While this outcome should be a modest positive for Anglo, we are increasingly concerned about the fundamental outlook for the company and are downgrading Anglo shares from Buy to Hold. When we consider risk and potential reward, our top picks in the sector continue to be BHP Billiton (NYSE: BHP) and Xstrata (OTC: XSRAF)."
FY12 EPS estimate lowered from $3.42 to $3.18 and FY13 from $4.18 to $3.87.
For an analyst ratings summary and ratings history on Anglo American plc click here. For more ratings news on Anglo American plc click here.
Shares of Anglo American plc closed at $15.27 yesterday.
Analyst, Christopher LaFemina, said, "Anglo announced yesterday that it has come to an agreement with Codelco to resolve the ongoing dispute relating to the AAS assets in Chile. While this outcome should be a modest positive for Anglo, we are increasingly concerned about the fundamental outlook for the company and are downgrading Anglo shares from Buy to Hold. When we consider risk and potential reward, our top picks in the sector continue to be BHP Billiton (NYSE: BHP) and Xstrata (OTC: XSRAF)."
FY12 EPS estimate lowered from $3.42 to $3.18 and FY13 from $4.18 to $3.87.
For an analyst ratings summary and ratings history on Anglo American plc click here. For more ratings news on Anglo American plc click here.
Shares of Anglo American plc closed at $15.27 yesterday.
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