Hai ragione..scusami
BofA/Merrill Lynch downgraded Vale S.A. (NYSE:
VALE) from Neutral to Underperform amid a more bearish stance on iron ore prices.
The firm's commodity team cut forecats to US$55/t in 2015 (-21%), US$55/t in 2016 (-15%) and US$60/t in 2017 (-14%).
While the company is making progress on its asset sale and cost/capex-cutting strategy, they now forecast a US$2.0-2.5bn cash flow gap in 2015-16. This takes leverage to more concerning levels.
For an analyst ratings summary and ratings history on Vale S.A.
click here. For more ratings news on Vale S.A.
click here.
Shares of Vale S.A. closed at $6.06 yesterday.
e questo e' il link (forse occorre registrarsi: io l'ho fatto.. e' gratis)
BofA/Merrill Lynch Downgrades Vale S.A. (VALE) to Underperform