J.P. Morgan turns a bit more positive on mining stocks (XME), moving to Neutral from Underweight...
J.P. Morgan turns a bit more positive on mining stocks (XME), moving to Neutral from Underweight on the sector as miners cut capex and the sector's relative price/book ratio is back to 2009 lows. While the firm remains skeptical that free cash flow yield could turn positive again in 2014, it says the market could give the sector the benefit of the doubt for a while. Sector favorites: RIO, GLCNF.PK.
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