Sanford C. Bernstein restated their outperform rating on shares of Glencore PLC (LON:GLEN) in a report released on Friday. Sanford C. Bernstein currently has a GBX 400 ($6.69) price objective on the stock.
Credit Suisse has downgraded its recommendation on diversified natural resource group Glencore (LON:GLEN) to 'neutral' from 'outperform', citing "fading momentum and valuation" as the main reasons behind its change of stance.
�Glencore will continue to look for opportunities to reinvest capital,� the company said on Friday. - Outside estimates say �the company would return $3 billion to $5 billion over 12 to 18 months, rather than in a single hit.