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UPDATE: Dahlman Rose Upgrades Thompson Creek Metals to Buy on Commodity Price Bounce

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Benzinga's Top Downgrades
Bank of America Downgrades Thompson Creek Metals To Neutral

Dahlman Rose increased its rating on Thompson Creek Metals (NYSE: TC) from Hold to Buy and established a price target of $4 a share.

Dahlman Rose said, "We believe that potential negative outcomes at Mt. Milligan are fully reflected in the current TC share price. In our opinion, the recent bounce in moly prices and further potential followthrough, which should allow for the company to be in compliance with its debt covenants, and the completion of the Mt. Milligan project in late-2013, should allow the shares to trend meaningfully higher over the near-to-medium term."

Thompson Creek Metals closed at $2.51 on Thursday.

Latest Ratings for TC

DateFirmActionFromTo
Apr 2015Bank of AmericaDowngradesBuyNeutral
Apr 2015Deutsche BankMaintainsHold
Jan 2015Stifel NicolausMaintainsBuy

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Posted-In: Dahlman RoseAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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