Goldcorp (GG -1.3%) is downgraded to Neutral from Outperform with a reduced price target of $45 (from $58) at Credit Suisse, which sees lower cash flow in 2013 and lower NAV based on revised estimates for Penasquito and PV. The firm continues to see near-term headwinds for GG with a likely capex increase and a reduced production growth profile.
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