Noble Capital Upgrades Comstock Mining (LODE) to Outperform

Noble Capital analyst Marh Reichman upgraded Comstock Mining (NYSE: LODE) from Market Perform to Outperform with a price target of $2.60.

The analyst comments "Upgrading our investment rating. We have upgraded our investment rating to Outperform from Market Perform based on a price target of $2.60 per share. In our view, the proposed SBCC transaction could have a transformational impact on Comstock’s ability to commercialize each of its businesses. The sale of its real estate portfolio provides cash to eliminate debt and fund working capital."

For an analyst ratings summary and ratings history on Comstock Mining click here. For more ratings news on Comstock Mining click here.

Shares of Comstock Mining closed at $0.15 yesterday.

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