Molycorp's (MCP) target price is raised to $55 from $50 at Dahlman Rose based upon the...

|By:, SA News Editor

Molycorp's (MCP) target price is raised to $55 from $50 at Dahlman Rose based upon the anticipated closure of the company's deal with Neo Materials. The firm likes the downstream processing assets MCP acquired and believes earnings will be more stable throughout the cycle because of the acquisition. MCP +4.3% premarket.