VALE (VALE $29.00, Overweight at $ 44 price target up from $35) PRICE TARGET RAISED DUE TO HIGHER COMMODITY PRICES AND VALUATION METRICS; NOTES FROM SEPT. 30TH HQ AND OCT. 1ST IRON ORE MINE VISITS 12/16/2009
VALE (VALE $29.00, Overweight at $ 44 price target up from $35) PRICE TARGET
RAISED DUE TO HIGHER COMMODITY PRICES AND VALUATION METRICS;
NOTES FROM SEPT. 30TH HQ AND OCT. 1ST IRON ORE MINE VISITS 12/16/2009