Credit Suisse analyst Anita Soni upgraded Goldcorp to Outperform and raised her price target for the shares to $19 from $15.50. The shares closed Friday up 45c, or 3%, to $14.35.
Soni sees Goldcorp posting “attractive” growth over the next two years and believes its analyst day on January 16 will serve as a positive catalyst for the shares.
The analyst views the company’s valuation as attractive relative to peers.
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