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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Letmebe Frank who wrote (6976)	9/11/2002 10:11:14 PM
From: Letmebe Frank	Read Replies (2) \| Respond to of 7235

LONDON – Investment bank JP Morgan said it was upgrading its recommendation for mining company Anglo American to "buy" from "market perform" after robust half-year earnings came in line with its forecast. Reuters reports JP Morgan said in a note that it had lowered its fair value for Anglo shares to 980 pence from 1,120 pence to account for black economic empowerment in South Africa but was raising its rating because it believed the current share price was valuing a lot of negative sentiment regarding the issue. The note said JP Morgan expected accelerating South African metal supply to impact on the platinum price in the short term, while its diamonds outlook for the second half of 2002 remained cautious following a downward revision of its forecast for US economic growth. mips1.net Love the chart: stockcharts.com[w,a]waclyyay[df][pc23!c53][vc60][iUl13!La13,29]&pref=G