ANGLO AMERICAN (AAUKY $24.99; Rated OVERWEIGHT; Price Target REDUCED to $35.50 from $37); LOWER EXPECTED IRON ORE PRICES RESULT IN LOWER FUTURE EARNINGS; INCLUSION OF COLLAHUASI EXPANSION PROJECT SLIGHTLY OFFSETS IRON ORE RELATED EARNINGS REDUCTION 7/1/2011
ANGLO AMERICAN (AAUKY $24.99; Rated OVERWEIGHT; Price Target
REDUCED to $35.50 from $37); LOWER EXPECTED IRON ORE PRICES RESULT
IN LOWER FUTURE EARNINGS; INCLUSION OF COLLAHUASI EXPANSION
PROJECT SLIGHTLY OFFSETS IRON ORE RELATED EARNINGS REDUCTION 7/1/2011