Credit Suisse making cautious comments on Metals and Mining Sector; Downgrades estiamtes heavily with large cuts to their iron ore and coal forecasts
- Cuts BHP to Underperform from Neutral on expensive valuation, price target cut to £14 from £18
- Cuts AAL.UK to Neutral from Outperform citing balance sheet concerns that will persist untill assets are sold, price target cut to £14 from £16
- Maintains Neutral on RIO, price target cut to £28 from £34
- Maintains Neutral on VED.UK, price target £5
- Maintains Outperform on GLEN.UK, price target £3.2