Barclays analyst Leonardo Correa welcomes Vale's (VALE) newfound "sensible" approach, and likes...

|About: Vale S.A. (VALE)|By:, SA News Editor

Barclays analyst Leonardo Correa welcomes Vale's (VALE) newfound "sensible" approach, and likes emerging signs of major reductions in its sustaining capital and R&D budget. Management offered improved transparency but there may be little from the investor day for near-term stock moves, Barclays says, but advises patience, seeing a potential 43% upside.