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UBS Raises CVRD Equity to Buy

Nov 29, 2007

UBS has upgraded CVRD stock to buy from neutral after the equity market correction. "The stock is 17% below its recent high price of $37.75/share (RIO), and we believe M&A activity potential has improved...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management