Tuesday, May 3, 2011

Analyst Actions: MCP, GM, TIVO, HERO, ACI

Molycorp Inc. (NYSE: MCP): Dahlman Rose on Tuesday lifted its price target on the stock to $125 from $85 to $125. The firm reiterated its Buy rating on the stock. In a research note to clients, the firm stated, "We continue to view Molycorp as the best way to participate in the near-term strength that we forecast in the rare earth market. The reason for the increased price target is our comfort with rare earth prices and our belief that prices will exceed our previous expectations. With construction well underway at the Mountain Pass mine and the company having 50+ years of experience separating and processing rare earth elements from this deposit, we believe that the company should be able to quickly ramp production in 2012 when the construction is complete. Further, we like the company's lowcost structure, and we believe that once production commences at this facility the company will look to be a consolidator in the rare earth segment."

General Motors (NYSE: GM): UBS this morning upgraded its rating on the company to Buy from Neutral.

TiVo (NASDAQ: TIVO): Gabelli downgraded its rating on the company to Hold from Buy. In a research note to clients, the firm said, "We are lowering our recommendation from BUY to HOLD, following the announced settlement. We estimate a total PMV of $10.50 per share: $5.00 for the core business, $1.70 per share in presettlement net cash and $3.80 in total settlement value. While there is likely incremental value in T & VZ litigation, we expect monetization to be meaured in the medium term." 

Hercules Offshore, Inc. (NASDAQ: HERO): FBR Capital upgraded its rating on the stock to Outperform from Underperform citing expectations utilization rates will rise substantially. 

Arch Coal Inc (NYSE: ACI): Brean Murray upgraded its rating on the company to Buy from Hold.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire