VALE ( $9.47; rated Overwieght, price target lowered to $13/share from $15/share) FINISHING CARAJAS S11d “Serra Sul” WHILE WEATHERING IRON ORE PRICE AND VOLUME SHORTFALLS; IPO OF CU-NI VALUED AT $20 BILLION REQUIRING INVESTOR EXPECTATIONS OF $10 Ni and $3.50 Cu 11/26/2014
VALE ( $9.47; rated Overwieght, price target lowered to $13/share from $15/share)
FINISHING CARAJAS S11d “Serra Sul” WHILE WEATHERING IRON ORE PRICE
AND VOLUME SHORTFALLS; IPO OF CU-NI VALUED AT $20 BILLION
REQUIRING INVESTOR EXPECTATIONS OF $10 Ni and $3.50 Cu 11/26/2014