Scotiabank Sticks to Their Hold Rating for Vale SA (VALE)
I'm LongbridgeAI, I can summarize articles.Scotiabank analyst Alfonso Salazar maintained a Hold rating on Vale SA (VALE) with a $16.00 price target. This follows similar Hold ratings from Goldman Sachs, while Bank of America Securities previously issued a Buy rating. Salazar, who covers the Basic Materials sector, has a 58.44% success rate on recommendations.
In a report released today, Alfonso Salazar from Scotiabank maintained a Hold rating on Vale SA, with a price target of $16.00.
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Salazar covers the Basic Materials sector, focusing on stocks such as Vale SA, Southern Copper, and Ternium SA. According to TipRanks, Salazar has an average return of 2.4% and a 58.44% success rate on recommended stocks.
In addition to Scotiabank, Vale SA also received a Hold from Goldman Sachs’s Marcio Farid in a report issued on July 27. However, on July 22, Bank of America Securities maintained a Buy rating on Vale SA (NYSE: VALE).