ANGLO AMERICAN : Jefferies downgrades its recommendation
BHP failed in its attempt to acquire Anglo American, as the structural problems associated with the inter-conditional demergers of Kumba and Amplats were too great to overcome', the broker believes.
'It is now up to Anglo's management to execute its own announced restructuring plan', Jefferies continues, although it sees 'significant upside potential for the share in the longer term'.
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