Home › Download › VALE (VALE $15.58, Neutral, PRICE TARGET CUT TO $21 from $25/share) GOOD COST DYNAMICS AND FIRMER IRON ORE PRICES OFFSET BY TAX CASE, LOWER ESTIMATED CU AND NI PRICES AND LESS FUTURE POTASH OUTPUT 5/16/2013

VALE (VALE $15.58, Neutral, PRICE TARGET CUT TO $21 from $25/share) GOOD COST DYNAMICS AND FIRMER IRON ORE PRICES OFFSET BY TAX CASE, LOWER ESTIMATED CU AND NI PRICES AND LESS FUTURE POTASH OUTPUT 5/16/2013

VALE (VALE $15.58, Neutral, PRICE TARGET CUT TO $21 from $25/share) GOOD
COST DYNAMICS AND FIRMER IRON ORE PRICES OFFSET BY TAX CASE,
LOWER ESTIMATED CU AND NI PRICES AND LESS FUTURE POTASH OUTPUT 5/16/2013