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Analyst Downgrades Fortescue to Sell as Mine Replacement, Decarbonisation Spend and Softer Iron Ore Outlook Drive NAV and Price-Target Cuts

In a report released yesterday, Paul Young from Goldman Sachs downgraded Fortescue Metals Group Ltd to a Sell, with a price target of A$16.90. Paul...

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Fortescue Ltd. Sponsored ADR (FSUGY)