UPDATE: Byron Capital Markets Upgrades Molycorp (MCP) to Strong Buy

July 12, 2013 8:42 AM EDT
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Price: $0.36 --0%

Rating Summary:
    4 Buy, 7 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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(Updated - July 12, 2013 10:01 AM EDT)

Byron Capital Markets upgraded Molycorp (NYSE: MCP) from Buy to Strong Buy. He is also positive on Great Western.

Long-term, analyst Jon Hykawy doesn't think rare earth prices will decline below historical price levels, and he thinks end users will find value, whether investors do or not.

Regarding Molycorp, he thinks the company is best situation to reap benefits as companies seek out reliable sources outside China.

For an analyst ratings summary and ratings history on Molycorp (NYSE: MCP) click here. For more ratings news on Molycorp click here.

Shares of Molycorp closed at $6.79 yesterday.

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