B of A Securities Downgrades Vale to Neutral, Lowers Price Target to $16

Benzinga Newsdesk www.benzinga.com Negative 85.7%

Neg 85.7% Neu 0% Pos 0%

B of A Securities analyst Caio Ribeiro downgrades Vale (NYSE:VALE) from Buy to Neutral and lowers the price target from $18 to $16.