Commodities & Metals
Analysts Fight Over Anglo American (AAUK)
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Anglo American plc (NASDAQ: AAUK) is seeing exact opposite calls on the positives and negatives this morning. We have seen the stock’s rating raised to the revered “Conviction Buy List” at Goldman Sachs based on rising EBITDA on rising prices and exposure to high-margin businesses and a note that shares have been overlooked. However, the stock was downgraded to Neutral from Outperform at Credit Suisse. If you want to throw in another mix, Nomura said that the company could be vulnerable to an acquisition from Xstrata over the next year.
Shares closed at $12.46 for ADR’s yesterday and are indicated up at $12.80 in pre-market trading with about an hour and forty-five minutes until the market opens. Its 52-week trading range is $6.21 to $35.64.
JON C. OGG
MAY 22, 2009
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