(COMTEX) INDUSTRY: UBS Upgrades Several Metal/Mining Stocks [delayed] ( EventX/Knobias
com )
Ridgeland, MS, JAN 23, 2004 (EventX/Knobias.com via COMTEX) -- UBS Securities
upgraded PD, N, FCX, CCJ, FDG, AEM, GG, KGC and MDG from Neutral to Buy, as they
predict the prices of several commodities to gain about 24% in 2004. The firm
expects gold to rise by +17%, copper by +31%, nickel by +27%, aluminum by +18%,
and zinc by 35%. They noted that raw material shortages are emerging in several
market because of under-investment since 1998. They also believe the US$
weakness is mirroring and supporting the rise in US commodity prices.
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SUBJECT CODE: Analysts Coverage
RATING(+)
Industry/US
Sector/US
PREMARKET
Hot Industry
KNO-Zone
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