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Glencore (GLEN) Receives a Buy from Morgan Stanley

Tipranks - Tipranks - Fri Apr 10, 3:36PM CDT

Morgan Stanley analyst Alain Gabriel maintained a Buy rating on Glencore today and set a price target of p610.00.

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According to TipRanks, Gabriel is a 5-star analyst with an average return of 14.9% and a 63.89% success rate.

In addition to Morgan Stanley, Glencore also received a Buy from TipRanks – Google’s Google Materials GB in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Glencore (LSE: GLEN).

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Based on Glencore’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p130.73 billion and a net profit of p1.02 billion. In comparison, last year the company earned a revenue of p113.85 billion and had a GAAP net loss of p1.4 billion

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