J.P. Morgan Raises Barrick PT From $54 To $64

J.P. Morgan said that it believes brownfield expansions at existing mines will be an important part of Barrick Gold Corporation's ABX production target of 9mnozs by 2015. “These extra ounces support our new target price for Barrick at $64, up from $54,” J.P. Morgan writes. Barrick closed Friday at $53.30.