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Hot Stocks: Despite Lowered Target, Vale (RIO) Still Poses Potential 59% Gain

Nov 18th, 2008 | By Money Morning Staff | Category: Financial News, International Investing

Riddle me this: When is it good news when an analyst slashes his price target for a stock by 55%? Answer: When that “reduced” target price still represents a 59% gain. That’s precisely the scenario facing Companhia Vale do Rio Doce (ADR: RIO), the world’s biggest iron-ore producer.

Tags: ADRs, Banco Santander, Brazil Index, Brazil stocks, Commodities Market, Companhia Vale Do Rio Doce, Emerging Markets, EWZ, Global Economic Slowdown, Hot Stocks, Index Nyse, invest in Brazil, Iron Ore, Iron Ore Producer, Ishares Msci Brazil, MER, Merrill Lynch, Money Morning Staff Reports, RIO, STD, Vale Do Rio
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