Deutsche Bank Issues Rating and Price Target Changes In Metals and Mining (FCX, CDE, PCU, TC)
Deutsche Bank made a number of rating and price target changes in the Americas Metals and Mining sector, as the firm's latest commodity revisions call for strong mark-ups, particularly in copper and nickel price forecasts.
Deutsche Bank upgrades Freeport-McMoRan (NYSE: FCX) (tgt to $45 from $30), Coeur d'Alene Mines Corporation (NYSE: CDE) (tgt to $12 from $10), Southern Copper Corp. (NYSE: PCU) (tgt to $18 from $12), and MMX from Sell to Hold.
The firm downgraded Thompson Creek Metals Company Inc. (NYSE: TC) from Buy to Hold, but raised its price target to $11 from $9.
The firm also raised their price targets on a number of a stocks in the sector
Alcoa, Inc. (NYSE: AA) to $11 from $9, maintains Hold
Silver Standard Resources Inc. (Nasdaq: SSRI) to $24 from $19, maintains Hold
Vale S.A. (Nasdaq: VALE) to $18 from $13, maintains Hold
The firm also maintained their Buy rating $30 price target on Cliffs Natural Resources Inc. (NYSE: CLF).
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silver miners
hielke on Aug 8, 2009 07:03 AMwhats the future for ssri stocks? It went douwn last days while silver went up.