UPDATE: Morgan Stanley Raises PT to $57 on Compania de Minas Buenaventura

Morgan Stanley raises its price target to $57 on Overweight-rated Compania de Minas Buenaventura

as exploration efforts may lift reserves, output. Morgan Stanley says, "BVN 2012 Investor day: management is focused on exploration and on developing its growth projects. We remain OW the stock, due to our positive view on gold and BVN's cheap valuation." BVN closed at $40.28 a share on Friday.