BUZZ-Glencore: top of the STOXX

Wed Nov 4, 2015 3:16am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Mining and trading co Glencore's shares up more than 6 pct, among the top performers on the Stoxx 600, after keeping FY EBIT target for its trading division

** Co said its trading division performed better over the Q3, and maintained $2.5-$2.6 bln target 2015 EBIT

** Co adds it is on track to cut debt

** UK mining cos also up, Anglo American, Antofagasta, BHP Billiton and Rio Tinto . Fresnillo, up 2-5 pct, among top gainers on FTSE 100

** Morgan Stanley analysts stick with "equalweight" rating on stock, add key risk still earnings sensitivity to commodity prices and FX in co's Industrial unit (