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

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.
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