‘There is also limit to pessimists’: Bofa raises the valley for ‘purchase’; Actions increase
Trump’s tariff has brought good uncertainty to the prices of the confusion in viewpoints for the global economy.
But the Bank of America Merrill Lynch (BOFA) today said that there is a limit for pessimists.
After a substantial drop in Whale In recent trading sessions, the Bank has purchased its recommendation to the ‘Neutral’ mining company. In the company’s accounts, at the current values, it is reasonable to negotiate the company’s oriented prices.
“Yes, Simandou’s project is coming, yes, China’s steel production is declining, but is much lower than the $ 79 pot toned spot and our $ 96/te is very low from 2025 and 2026 respectively,” said Kaiyo Ribeo -led team.
There is also the expectation of tariffs imposed. “The tax imposition of the United States in China also increases the opportunity to excite the Chinese economy”Thinking bank analysts in China.
The target price of the ADRs and the stock receipts in New York went on to the likelihood of an increase of $ 11 to 50 11.50-XX%. Papers listed in Brazil rose from $ 68 to $ 71 at the end of the year, which is XX%knocking.
Today, shares traded in B3 rose 1.5%, and responded to the progress of iron ore in the Chinese market, which ended the day with 3%praise.
In addition to the price of ore, Bofa also identifies a A significant risk reduction in Whale historyAfter overcoming many uncertainties that entered the company.
“CEO’s heritage is completed with a new and most respectable management team, of which Du Gustao PiMenta and Marcelo Dues As CEO and CFO respectively. Mariana’s agreement has been finalized with costs than US and market expectations. The controversy over the railway concession is over, ”they said.
The vision of the new administration Efficiency and anchoraging estimates It also has the result.
“Over the years, the cost of Whale and the cost of production and the product is undoubtedly traditional and our interactions with investors exceed the company and disappoint the expectations,” the Bofa team said.
The bank’s companion is just 4.2 times EV/EBITDA (indicator of the company’s value for profit for interest, taxes, depreciation and loan redemption), less than five times more in the last five years.
“From any angle that looks attractive”Analysts pointed out.
