Vale (RIO) Stronger On China News, Positive Analyst Comments
Tweet
Share
E-mailGet Alerts RIO Hot Sheet
Price: $105.30 +3.06%
Rating Summary:
12 Buy, 13 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
12 Buy, 13 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Shares of Vale (NYSE: RIO) are significantly stronger today, rising 9% on word from China that manufacturing output is expanding for the first time in six months. The stock is also benefiting from positive comments from Goldman Sachs, which said iron ore exports may exceed forecasts in the first quarter.
Goldman reiterated their Buy rating on Vale, saying shares may�gain from a pick-up in iron ore shipments to Europe and a rebound in spot prices in China.
Goldman reiterated their Buy rating on Vale, saying shares may�gain from a pick-up in iron ore shipments to Europe and a rebound in spot prices in China.
You May Also Be Interested In
- Rio Tinto celebrates 60 years in Western Australia
- DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand
- Cummins (CMI) PT Lowered to $675 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Insiders' BlogRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
