
New Buy Rating for Vale SA (VALE), the Basic Materials Giant

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Jefferies analyst Chris LaFemina has reiterated a Buy rating on Vale SA (VALE) with a price target of $21.00. LaFemina, who focuses on the Basic Materials sector, has an average return of 14.6% and a 54.95% success rate on his stock recommendations. Additionally, Bank of America Securities also issued a Buy rating for Vale SA, while Barclays maintained a Hold rating.
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