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Glencore upgraded to ‘buy' by UBS on stronger trading and coal outlook
Source: proactiveinvestors.com
Analyst InsightsAnalyst EstimatesCommodities & Raw MaterialsCompany Fundamentals
UBS upgraded Glencore to buy from neutral and raised its price target to £6.50 from £6.20, implying improved confidence in the company’s outlook. The bank lifted 2026 and 2027 EBITDA forecasts by 5% and 7%, respectively, driven by stronger coal-price realisations and marketing profitability.
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