Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Ben Davis maintained a Buy rating on Glencore (GLEN) with a £600 price target, citing his strong track record. This follows a recent Buy recommendation from Jefferies' Chris LaFemina. Conversely, J.P. Morgan reiterated a Hold rating on the basic materials giant on July 10.
In a report released yesterday, Ben Davis from RBC Capital maintained a Buy rating on Glencore, with a price target of p600.00.
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According to TipRanks, Davis is a 4-star analyst with an average return of 16.7% and a 58.88% success rate. Davis covers the Basic Materials sector, focusing on stocks such as Ecora Royalties PLC, Rio Tinto, and Glencore.
In addition to RBC Capital, Glencore also received a Buy from Jefferies’s Chris LaFemina in a report issued on July 16. However, on July 10, J.P. Morgan reiterated a Hold rating on Glencore (LSE: GLEN).