Goldman Sachs Downgrades Vale to Neutral, Lowers Price Target to $16

Benzinga Newsdesk www.benzinga.com Negative 86.8%

Neg 86.8% Neu 0% Pos 0%

Goldman Sachs analyst Marcio Farid downgrades Vale (NYSE:VALE) from Buy to Neutral and lowers the price target from $18 to $16.