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3 months ago
RBC Capital Markets has repeated an Outperform rating on Glencore PLC (LSE:GLEN), pitching a 600p price target, as the Canadian bank continues to favour the miner over more diversified peers. The broker's target implies around 23% upside from the current market price of around 513.8p, Glencore's appeal, according to RBC, is its lack of iron ore exposure, along with its coal earnings leverage an...