DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Goldman Sachs - 1 Goldman - 1 bearish - 1 Marcio Farid - 1 Vale - 1
Top related locs:
China
Top related orgs:
Vale SA - 1 Vale - 1 Goldman - 1

Search resuls for: "Marcio Farid"


2 mentions found


☆ Goldman just upgraded this mining stock and sees 25% upside after turnaround
  + stars: | 2023-11-21 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +1 min
Several tailwinds that have not been in place for a decade now make the Brazilian mining giant Vale SA too attractive to ignore, according to Goldman Sachs. Goldman upgraded Vale to buy on Tuesday and raised its stock price target by 60% to $19.50, implying nearly 25% upside from the stock's $15.65 close on Monday. Goldman forecasts iron ore prices of $110 per ton next year and estimates that Vale is internally pricing in a $104 per ton price. "We believe the story is now too attractive to ignore and investors will slowly increase exposure as confidence around iron ore supply/demand balance in 2024 increases," analyst Marcio Farid wrote. The investment bank also expects ongoing policy support in China The key downside risks are weaker-than-expected iron ore prices in 2024 and less policy support in China to back up its ailing property market, according to Goldman.
Persons: Goldman Sachs, Goldman, bearish, Marcio Farid, Vale Organizations: Vale SA, Vale, Goldman Locations: China
☆ Sell this lithium stock with high exposure to the chemical's price, Goldman Sachs says
  + stars: | 2023-05-19 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Sociedad Quimica y Minera de Chile , or SQM, is worth dropping given its direct exposure to lithium prices, Goldman Sachs warned. Analyst Marcio Farid initiated coverage of the lithium producer's stock with a sell rating. "We also think consensus is too bullish on their forecasted lithium prices, potentially leading to earnings downgrades in the short-to-medium term." Farid noted his sell rating is out of the norm on Wall Street. Lithium prices have taken dramatic swings in recent months.
0 next >>
Total: 2