Dahlman Rose Initiates AVL At Buy, $15 PT

Dahlman Rose is initiating coverage of Avalon Rare Metals Inc. AVL with a Buy rating and a $15 PT. “We are impressed with the progress that Avalon has made developing the Nechalacho project and like the leverage that earnings exhibit toward heavy rare earth prices,” Dahlman Rose writes. Avalon Rare Metals closed today at $8.81.