Glencore (OTCMKTS:GLNCY) Upgraded by HSBC to Buy

HSBC upgraded shares of Glencore (OTCMKTS:GLNCY – Free Report) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, FlyOnTheWall reports.

Several other equities analysts have also recently weighed in on the company. Credit Suisse Group decreased their price objective on Glencore from GBX 525 ($6.43) to GBX 500 ($6.12) in a report on Wednesday, August 9th. Morgan Stanley decreased their price objective on Glencore from GBX 560 ($6.85) to GBX 550 ($6.73) in a report on Tuesday, July 25th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Glencore presently has a consensus rating of Buy and a consensus target price of $569.00.