Mining giant Anglo American was downgraded to neutral from outperform by Credit Suisse, which also slashed the target price to 21.70 from 26, as analyst Conor Rowley assumed coverage. "Sares have outperformed the underlying commodity mix materially YTD (~10%), especially when compared with peers, a situation that has not been sustainable historically. Moreover, we no longer see the group's growth outlook as being as strong a driver as earlier this year," the analyst said.
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