What exactly did Scotiabank change for VALE on Feb 09, 2026?

Scotiabank **maintained a Sector Perform** rating for VALE and raised its **price target to $16.50** on Feb 09, 2026. The firm adjusted the target upward but kept a neutral recommendation, implying limited expected outperformance versus peers.

How should I interpret the VALE analyst rating for my portfolio?

A neutral or Sector Perform VALE analyst rating suggests in-line performance expectations versus peers. Use it to review allocation, hedge commodity exposure, or hold while awaiting stronger buy signals or clearer upside catalysts.

Does the new price target change mean a VALE upgrade or downgrade?

No. The move on Feb 09, 2026 raised the **price target to $16.50** but left the recommendation unchanged at Sector Perform. That is a target revision without an upgrade or downgrade.

Where can I find the original analyst note and broader coverage?

Scotiabank’s update was reported by TheFly and is linked in this note. Broader market commentary and related analyst moves are available on Investing.com for sector context.

Analyst Ratings

Scotiabank Maintains Sector Perform on VALE (Vale S.A.) Feb 2026

ByDanny Kontos February 10, 2026February 10, 2026

The VALE analyst rating was maintained by Scotiabank on February 09, 2026, with the firm keeping Sector Perform while raising the price target to $16.50. This move came amid a short-term rally that lifted Vale S.A. (VALE) by 1.79% ($0.3) on the update. The action is a hold-oriented stance rather than a buy or sell recommendation, reflecting measured confidence in commodity dynamics and company fundamentals. Investors should note the firm’s revised target and the broader analyst backdrop when sizing positions.