Goldman Gives Vale $44 Target On Tight Iron Ore Supply

Forbes reports Goldman Sachs increased its price target on shares of Vale (NYSE:VALE) to $44.

The market news is quoted as saying,

This morning, Goldman Sachs increased its price target on shares of Vale to $44 as global supply issues with iron ore should help prices. With the higher price target, Goldman increased its EPS estimates and maintained its buy rating.

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