By: Benzinga
April 02, 2013 at 10:29 AM EDT
UPDATE: DA Davidson Starts Molycorp at Buy, $7 Price Target
DA Davidson's Avinash Kant initiated coverage on Molycorp (NYSE: MCP ) with a Buy rating and $7 price target. The analyst believes Molycorp is "poised to become a leading player in the rare earth market." Kant pointed out the company has recently committed around $1.5 billion to streamline its vertically-integrated
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