This morning, Goldman Sachs increased its price target on shares of Vale (NYSE:VALE) to $44 as global supply issues with iron ore should help prices. With the higher price target, Goldman increased its EPS estimates and maintained its buy rating.
Shares of Vale were modestly higher on Tuesday, gaining 0.4% so far.
And Bank of America upgraded shares of Franklin Resources (NYSE:BEN) from neutral to buy as fund inflows will boost earnings at the asset manager. With the upgrade, Bank of America set a price target of $156 per share.
Shares of Franklin Resources were higher on the news, climbing 2.1% today.
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