Thompson Creek (NYSE:TC) Could be Prime Acquisition Target

With a number of large attempt to merge with large cap and mid-cap stocks, Deutsche Bank (NYSE:DB) says they see Thompson Creek (NYSE:TC) being an attractive acquisition candidate, and upgraded them from "Hold" to "BUY."

Deutsche said, "US Fed Quantitative Easing clearly favors hard asset producers. As a result we upgrade TC to Buy and raise our PT from $13 to $16 based on 12x 2011E EPS from 10x previously as we believe near-term valuations will rise as investors seek to re-allocate to dollar-defensive stocks. Further, given recent failed large cap M&A, mid-cap stocks may become renewed focus of consolidation, fueling further revaluation, supporting upgrade."

Thompson Creek primarily focuses on all aspects of the molybdenum market, from mining to marketing them across North America.

They closed Friday at $13.12, gaining $0.69, or 5.55 percent. Deutsche has a price target of $16 on them, raising it from $13 a share.