Thursday, February 9, 2012

Freeport (FCX) (KGC) (SMG) (NOR) (NSU) (MLM) (MMP) Ratings, Price Targets

Freeport McMoRan Copper and Gold (NYSE: FCX), Kinross Gold (NYSE: KGC), Scotts Miracle-Gro (NYSE: SMG), Noranda Aluminum Holding Co. (NYSE: NOR), Nevsun Resources Ltd (NYSE: NSU), Martin Marietta Materials, Inc. (NYSE: MLM) and Magellan Midstream (NYSE: MMP) had ratings and price targets on them adjusted by analysts.

Freeport McMoRan Copper and Gold (FCX) had its price target raised by Morgan Stanley (NYSE:MS) from $43.00 to $55.00. They have an “Overweight” rating on the company.

Kinross Gold (KGC) had its price target lowered by Deutsche Bank (NYSE:DB) to $85.00.

Scotts Miracle-Gro (SMG) had its price target raised by RBC Capital from $43.00 to $46.00. They have a “Sector Perform” rating on the company.

Noranda Aluminum Holding Co. (NOR) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.

Nevsun Resources Ltd (NSU) was downgraded by CIBC from a “Sector Perform” rating to an “Underperform” rating.

Martin Marietta Materials, Inc. (MLM) was downgraded by DA Davidson from a “Neutral” rating to an “Underperform” rating.

Magellan Midstream (MMP) had its “Buy” rating reiterated by Wunderlich. They have a price target of $69.00 on the company.

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