Canaccord Genuity Upgrades Vale S.A. (VALE) to Buy

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Vale S.A. (VALE) Buy Rating Maintained at Goldman Sachs

December 3, 2014 9:27 AM EST

Goldman Sachs maintained a Buy rating on Vale S.A. (NYSE: VALE) with a price target of $14.20. Comments follow its investor day on December 2. Analyst Marcelo Aguiar noted a meaningful 21% reduction in 2015-17 capex.

"Capex for the next three years... More