UPDATE: Credit Suisse Upgrades Silver Wheaton to Outperform on Gold Exposure Increase
February 07, 2013 at 10:39 AM EST
Credit Suisse upgraded Silver Wheaton (NYSE: SLW ) from Neutral to Outperform and raised the price target from $47.00 to $49.00. Credit Suisse noted, "SLW announced a binding term sheet to acquire two gold streams from Vale. … Doubling down on gold exposure. SLW estimates revenues generated from gold over