Morgan Stanley upgrades Ivanhoe Mines and downgrades Alcoa and Vale on metals outlook

au.investing.com

Morgan Stanley upgraded Ivanhoe Mines and downgraded Alcoa and Vale, citing a shift in metal supply outlooks. The firm favors copper and precious metals over aluminum and iron ore, anticipating copper, gold, and silver to outperform. Morgan Stanley raised its price target for Ivanhoe Mines, citing operational execution and a positive mine plan update.


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Morgan Stanley upgrades Ivanhoe Mines and downgrades Alcoa and Vale on metals outlook | News Minimalist