Broker snap: ABN Amro downgrades Vedanta on valuation
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ABN Amro downgraded its recommendation on Vedanta to 'hold' from 'buy', due to the India-focused miner nearly reaching the broker's 2,630p price target.
However, ABN Amro said Vedanta still has around 7% upside potential and is a genuine 'hold', with good exposure to copper and iron ore growth.
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It keeps the same price target on Vedanta.
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