By: Benzinga
January 31, 2013 at 08:19 AM EST
UPDATE: Bank of America Upgrades Vale SA to Buy on Risk/Reward
Bank of America upgraded Vale SA (NYSE: VALE ) from Neutral to Buy and maintained a $23.00 price objective. Bank of America said, "We upgrade Vale to BUY from Neutral, as the stock now implies an 18% upside potential to our US$23/ADR price objective, on top of a 4% dividend
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