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Banks downgrade miners after share prices overshoot

UBS and JP Morgan have downgraded its ratings for the big miners, saying the company’s share prices have moved too far and too fast.

Banks downgrade miners after share prices overshoot Banks downgrade miners after share prices overshoot Banks downgrade miners after share prices overshoot Banks downgrade miners after share prices overshoot Banks downgrade miners after share prices overshoot

Too fast: the rally in miners has gotten ahead of itself

BHP and Rio Tinto shares each hit six-month highs on Friday amid an improving outlook due to the reopening of the Chinese economy.

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