Companhia Vale Do Rio Doce (RIO) Message Board

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Gold/Mining/Energy : Companhia Vale Do Rio Doce (RIO)

VALE 12.09

+1.7%

Oct 31 9:30 AM EDT

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From: JakeStraw	6/27/2008 8:56:22 AM
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Lehman starts coverage of miner Vale with buy. 1:26 PM ET, Jun 26, 2008 - By Nathan Becker Lehman Brothers has initiated coverage of Brazilian miner Vale with an "overweight" rating, calling the company "the dominant producer of iron ore and nickel with an industry-leading organic growth pipeline." The researcher approved of Vale aggressively trying to become the world's largest mining company, and it estimates Vale's earnings per share next year will be $3.96. Lehman has set a target price of $45 per share for Vale, and it suggests investors should buy Vale stock immediately.

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