Leonardo Shinohara

Vale SA (ADR) (NYSE: VALE) shares have been on a downward trajectory, and have plummeted 57 percent since July 20. HSBC’s Leonardo Shinohara downgraded the rating for the company from Buy to Hold, while reducing the price target from $5.00 to $2.20. Vale’s value is crumbling...

Vale SA (ADR) (NYSE: VALE) shares are down 49 percent year-to-date, having declined steadily from $8.80 on May 5. HSBC’s Leonardo Shinohara upgraded the rating on the company from Hold to Buy, while raising the price target from $5.90 to $6.70. Excessive investor focus on iron ore...