Vale (VALE) Shares Rise as Two Analysts Get Bullish

Brazil's mining-giant, Vale SA (NYSE: VALE), is seeing upside today on the back of several notable analyst calls earlier. The stock most recently traded at $21.05, up 1.4% from yesterday's closing price.

• Dahlman Rose lifted its investment rating on the stock from Hold to Buy.
  
• UBS, just releasing its Brazil August stock picks list, recommended investors switch into Vale from Petrobras (NYSE: PBR), Brazil's integrated oil-giant. The firm feels that Vale shares will move higher as traders begin pricing in a recovery for iron ore prices.

To stay up-to-date on all the analyst calls for shares of Vale, visit our Analyst Ratings page.