UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Prospect Global Resources

In a report published Monday, Dahlman Rose & Co. reiterated its Buy rating on Prospect Global Resources

, and raised its price target to $9.00. Dahlman Rose noted, “We view PGRX's off-take agreement as a major milestone for the company. This should improve the company's positioning in relation to competitors in terms of funding, off-takes, and timing/probability of completion. As such, we are raising our price target to $9/share.” Prospect Global Resources closed on Friday at $2.88.