UBS (NYSE:UBS) Raises Goldcorp (NYSE:GG) Price Target on Andean (TSE:AND) Acquisition

UBS (NYSE:UBS) kept its “Buy” rating on Goldcorp (NYSE:GG), but raised its price target on the company to $56 a share, an increase of $2.50, on the assumption they’ll end up with Andean Resources (TSE:AND). In a note to clients, UBS said, “We estimate that with its free cash flow under UBS assumptions and proceeds from recent asset sales, Goldcorp can easily fund the Andean transaction and the

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UBS (NYSE:UBS) Raises Goldcorp (NYSE:GG) Price Target on Andean (TSE:AND) Acquisition

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