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Piper Jaffray reiterates its Overweight rating on Molycorp (MCP) with a $77 price target. The...

Piper Jaffray reiterates its Overweight rating on Molycorp (MCP) with a $77 price target. The firm sees rare earth prices and tightening Chinese exports as drivers to help the producer boost gross margins. Shares +8.8% premarket, riding a post-earnings beat wave.
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