Macquarie Downgrades Vale To Neutral By: Benzinga via Benzinga May 13, 2015 at 09:37 AM EDT Macquarie downgraded Vale SA (ADR) (NYSE: VALE) from Outperform to Neutral. Vale shares have dropped 47.95 percent over the past 52 ... Read More >> Related Stocks: Vale ADR Representing One Ord Shs