VALE (VALE $19.41, Rating held at Neutral; price target lowered to $28 from $32) EARNINGS LOWERED AS A RESULT OF LOWER ESTIMATED NEAR TERM PRICES AND LOWER LONG TERM ESTIMATED IRON ORE SALES VOLUMES 6/18/2012
VALE (VALE $19.41, Rating held at Neutral; price target lowered to $28 from $32)
EARNINGS LOWERED AS A RESULT OF LOWER ESTIMATED NEAR TERM
PRICES AND LOWER LONG TERM ESTIMATED IRON ORE SALES VOLUMES 6/18/2012