Anglo American shares rise 3% on Jefferies upgrade, new price target set

From Investing.com: 2024-11-29 05:21:12

Shares of Anglo American rose over 3% after Jefferies upgraded its recommendation to “buy” from “hold.” Jefferies set a new price target of 2,850 pence, citing ongoing restructuring progress and potential for M&A activity. The company’s sale of coal assets and planned demerger of Amplats are expected to unlock shareholder value. Despite uncertainties, Jefferies sees operational improvements and a favorable market outlook driving Anglo’s growth.



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