Fortescue Faces Headwinds From Softer Prices, Mine Replacement Challenges — Market Talk
Fortescue gains a bear in Goldman Sachs on a soft outlook for near-term iron-ore prices and ongoing talks with China's state-owned buyer that could impact the company's lower-grade products. GS also cites challenges with Fortescue's Pilbara mine replacement projects. The bank downgrades the stock t…