AGNICO-EAGLE MINES (AEM $43.85, downgraded to Neutral from Overweight; price target cut to $38 from $40) CUT TO NEUTRAL WEIGHT AS SHARES REBOUND TO > 150% NPV AND > OUR PRIOR PRICE TARGET 7/31/2012

AGNICO-EAGLE MINES (AEM $43.85, downgraded to Neutral from Overweight;
price target cut to $38 from $40) CUT TO NEUTRAL WEIGHT AS SHARES
REBOUND TO > 150% NPV AND > OUR PRIOR PRICE TARGET 7/31/2012