GLENCORE (GLNCF $7.74, price target raised to $12 from $5) RAISED TO OVERWEIGHT BASED ON “STEALING” XSTRATA IN “MERGER OF EQUALS;” XSTRATA (XSRAF $20.05) MAINTAINED AT OVERWEIGHT AT SAME PRICE TARGET OF $31 2/4/2012

GLENCORE (GLNCF $7.74, price target raised to $12 from $5) RAISED TO
OVERWEIGHT BASED ON “STEALING” XSTRATA IN “MERGER OF EQUALS;”
XSTRATA (XSRAF $20.05) MAINTAINED AT OVERWEIGHT AT SAME PRICE
TARGET OF $31   2/4/2012