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Glencore to benefit from stubborn coal prices

Miner upgraded for near- and long-term catalysts

Jacqueline Holman
Glencore's target price has been upped on stronger thermal coal price forecasts

Glencore's target price has been upped on stronger thermal coal price forecasts

RBC Capital Markets increased the miner's target price to £4.70 (US$6.52) per share from the previous £4.50/share and left it with an outperform rating. The shares were trading at £3.58/share on Wednesday....

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