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Monday, April 2, 2012

Hecla (HL) (MTL) (MT) (POT) (AGU) (PAAS) (AXP) Ratings, Price Targets

Hecla Mining (HL), Mechel (MTL), ArcelorMittal (MT), Potash (POT), Agrium Inc. (AGU), Pan American Silver (PAAS) and American Express (AXP) had ratings and price targets on them adjusted by analysts.

BNP Paribas upgraded ArcelorMittal (MT) from an "Underperform" rating to a "Neutral" rating.

UBS AG downgraded Mechel (MTL) from a "Buy" rating to a "Neutral" rating.

Stifel Nicolaus initiated coverage on Potash (POT). They placed a "Buy" rating and price target of $56.00 on the company.

Stifel Nicolaus initiated coverage on Agrium Inc. (AGU). They placed a "Buy" rating and price target of $105.00 on the company.

Deutsche Bank initiated coverage on Hecla Mining (HL). They placed a "Hold" rating and price target of $5.50 on the company.

BMO Capital Markets initiated coverage on Pan American Silver (PAAS). They placed an "Outperform" rating and price target of $35.00 on the company.

Wells Fargo & Co. downgraded American Express (AXP) from an "Outperform" rating to a "Market Perform" rating.

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