BHP BILLITON (BHP $75.60, rated OVERWEIGHT and Price Target RAISED to $129 from $115 per ADS) BENEFIT FROM REBOUNDING COMMODITY PRICES, RECORD HIGH PRODUCTION RATES, AND STRONG FINANCES 4/29/2010
INTERNATIONAL PAPER (IP $27.24, rating lowered from Neutral to Underweight) RATING REDUCTION DUE TO PRICE APRECIATION AND POOR EARNINGS OUTLOOK LONG TERM 4/30/2010
ALLEGHENY TECHNOLOGIES (ATI $53.47, rated Overweight, Price Target $65) WHILE UPTURN EVIDENT, PRICE-TO-NICKEL COST COMPRESSION AND MANY LITTLE MARGIN DRAGS DELAY FULL EARNINGS 4/30/2010
WEYERHAEUSER (WY $49.52, rated Neutral) IMPROVED PROFITABILITY FOR WOOD AND TIMBERLAND FIBER SEGMENTS TO DRIVE HIGHER EARNINGS 4/30/2010
NORILSK NICKEL HIGHER PRICE TARGET AND EARNINGS ESTIMATES DUE TO PHILIPPINE MINE CLOSINGS, HIGHER NICKEL AND PLATINUM PRICES 7/12/2016
LUNDIN MINING INCLUSION OF EAGLE EAST; LOWER THAN PREVIOUSLY ESTIMATED COPPER PRICE ENVIRONMENT 7/12/2016
SPOTMARKETS STEEL, STEEL SCRAP, WOOD AND SOME NONFERROUS SUPPLIES BEGIN TO APPEAR EXCESSIVE 5/3/2010
MINING INDUSTRY – PROPOSED JULY 1, 2012 40% AUSTRALIAN MINING TAX NO SURE THING AND NEEDS SOME POLITICAL MANUVERING TO PASS 5/4/2010
MEADWESTVACO (MWV $26.21 rated Neutral) LOWER CORPORATE COSTS, PRODUCTIVITY AND RENEWED LAND SALES DRIVE HIGHER EARNINGS 5/4/2010
GREYSTAR RESOURCES (GYLSF $3.77, rated Overweight Price Target $17) CORRESPONDENCE WITH MANAGEMENT CONCERNING ENVIRONMENT 5/4/2010