Brazil’s Vale outlook boosted by higher iron ore price forecasts, Itaú BBA maintains outperform call
Itaú BBA confirmed its favourable view on Vale (VALE3) after the release of the miner’s second-quarter 2025 results. The bank maintained its ‘outperform’ recommendation, which is equivalent to a ‘buy’ rating, and set its target price for R$70 per share by the end of 2026. According to a local media outlet, InfoMoney, that price represents […]
