JPMorgan cuts target for Anglo American to 1,820 pence 'neutral'

LONDON (dpa-AFX Analyser) - The U.S. bank JPMorgan has lowered its target price for Anglo American of 1,930 to 1,820 pence and the classification to "neutral" leave.



The balance between supply and demand for base and precious metals have deteriorated recently, an analyst Fraser Jamieson wrote in an industry study on Tuesday in support of his reduced earnings estimates for the mining companies. In the commodity sector Glencore Xstrata remain his "top pick", Anglo American, however, be the least preferred value.