ANGLOGOLD ASHANTI (AU $34.28 rating raised to Neutral from Underweight with $32 cut from $37 price target) RATING INCREASED TO NEUTRAL FROM UNDERWEIGHT DESPITE PRICE TARGET BEING LOWERED TO $32 FROM $37; HIGHER ESTIMATED PROJECT CAPITAL SPENDING TO REACH GOAL OF 5.5 M OZS OF GOLD PRODUCTION BY 2015 AND HIGHER CASH COSTS DUE TO SIGNIFICANT MINING COST INFLATION IMPACT NPV/SHARE VALUATION. 4/27/2012