The Rabid Capitalist

Professor Glenn A. Okun

There was encouraging news for the miners last week.

• BHP: J.P Morgan raised its price target, citing encouraging signs for demand from China.
• RIO: J.P. Morgan upgraded the company to overweight and raised its price target by more than 10%.
• RIO: Argus Research reiterates its buy rating, naming RIO a value opportunity with a high dividend yield and a low valuation.
• VALE: J.P. Morgan upgraded the company to overweight and raised its price target by more than 10%.