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Glencore to benefit from stubborn coal prices

Glencore’s (LN:GLEN) price target has been upped due to expectations of higher thermal coal prices, as seaborne supply and demand fundamentals improve.

Glencore to benefit from stubborn coal prices Glencore to benefit from stubborn coal prices Glencore to benefit from stubborn coal prices Glencore to benefit from stubborn coal prices Glencore to benefit from stubborn coal prices

Glencore's target price has been upped on stronger thermal coal price forecasts

RBC Capital Markets increased the miner's target price to £4.70 (US$6.52) per share from the previous £4.50/share and left it with an outperform rating. The shares were trading at &p...

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