Morgan Stanley Sees Good Potential Upside for Vale SA
February 27, 2014 at 09:34 AM EST
In a report published Thursday, Morgan Stanley analyst Carlos De Alba reiterated an Overweight rating and $17.50 price target on Vale SA (NYSE: VALE ). In the report, Morgan Stanley noted, “We see 23% potential upside to our price target, with a ~3:1 bull/bear skew. The stock trades at 6.1x