Professor Glenn A. Okun
Vale (VALE): Goldman Sachs has upgraded VALE to a buy from a neutral rating with a price target of $19.50, a significant upward revision from $12.20. Goldman stated that the company is facing the best set of conditions since at least 2014. They believe that an improving iron ore market and China’s support for the metal will sustain Vale’s growth.
N.B.: This is the second analyst upgrade for VALE in a week.
BHP Group (BHP): Bank of America raised its price target by 10% to $37.50 and maintained its buy ranking for the stock. They expect improved iron ore spot prices and Chinese demand to drive BHP’s performance.
The Rabid Capitalist 
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