MARKET TALK: Goldman Increases Anglo American Price Target

27th Jul 2010 10:45

0945 GMT [Dow Jones] Goldman Sachs increases Anglo American (AAL.LN) price target to 4480p from 4085p, reflecting the substantial increase in the brokerage's platinum group metal (PGM) price forecasts for FY '11-'14. Given this, Goldman's expectations for the earnings stream from Anglo Platinum in the Anglo American group also increase, driving higher cashflows and a faster reduction in net debt over '10-'13E. Keeps Anglo American at buy. Shares are -0.3% at 2531p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 27, 2010 05:45 ET (09:45 GMT)