April 11, 2019 / 7:07 AM / 6 months ago

BUZZ-EU Miners: "Well-positioned" - GS

** Goldman Sachs says on EU Miners: “China concerns are overdone; forward-looking data points to activity bottoming”

** Broker says latest China PMI data, which has risen sharply, indicates that sentiment has improved

** Expects policy in China to remain “loose”, which is positive for commodities/miners

** Adds that outlook for China property has been a key concern for investors and points to V-shaped recovery in China property post Chinese New Year

** GS ups KAZ Minerals to “buy” after incorporating Baimskaya into its model

** Cuts Boliden to “sell” after recent outperformance; cuts Aurubis to “sell”, points to risks to FY19 earnings

** Moves Glencore to “neutral” on valuation

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