April 7, 2016 / 9:57 AM / a year ago

BUZZ-Glencore: Underperforming peers after JP Morgan rating cut

** Miner and commodity trader Glencore’s shares down 0.7 pct, underperforming FTSE mining peers (+1.2 pct), after JP Morgan cuts rating on co to “neutral”

** JP Morgan says catalyst-driven thesis on Glencore has played out following co’s sale of 40 pct stake in agriculture unit, adds shares have breached their 130p PT

** JPM adds it sees commodity prices and producers’ earnings momentum to resume their decline

** Analysts cut Antofagasta to “neutral”, Kaz Minerals to “underweight”

** Antofagasta down 0.1 pct, Kaz down 4.9 pct (largest FTSE midcap loser )

** Large-cap mining peers Rio Tinto, Anglo American , BHP Billiton up 0.9-1.8 pct, FTSE up 0.1 pct (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

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