Wednesday, July 6, 2011

Price Targets on Alcoa (AA) (ABX) (AVB) (CDE) Changed

Alcoa Inc. (NYSE: AA), Barrick Gold (NYSE: ABX), AvalonBay Communities, Inc. (NYSE: AVB) and Coeur d'Alene Mines (NYSE: CDE) had their price targets adjusted by analysts.

Deutsche Bank (NYSE:DB) cut their price target on Alcoa Inc. (AA) from $22.00 to $20.00. They have a “buy” rating on the company.

Deutsche Bank cut their price target on Barrick Gold Corp (ABX) from $76.00 to $67.00. They have a “buy” rating on the company.

Barclays Capital raised their price target on AvalonBay Communities, Inc. (AVB) from $123.00 to $125.00. They have an “equal weight” rating on the company.

Deutsche Bank cut their price target on Coeur d Alene Mines Corp (CDE) from $54.00 to $50.00. They have a “buy” rating on the company.

Coeur d'Alene Mines closed Tuesday at $24.83, gaining $0.91, or 3.80 percent. Alcoa closed at $16.39, jumping $0.08, or 0.49 percent. Barrick Gold closed at $45.98, up $1.20, or 2.68 percent. AvalonBay Communities, Inc. closed at $134.39, rising $1.83, or 1.38 percent.

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