Dahlman Rose Expanding Rare Earth Coverage, Initiating Coverage On Avalon, Hudson Resources, Rare Element Resources (AVL, HUD, REE)

Dahlman Rose expanded its rare earth coverage in a research report published today. In the report, Dahlman Rose states, "We continue to view the rare earth sector favorably, as we anticipate that initiatives by China will be supportive of short- to medium-term prices." Dahlman Rose initiated coverage on Avalon Rare Metals AVL, Hudson Resources HUD, and Rare Earth Resources REE, giving all three companies a Buy rating. Dahlman Rose also increased its Molycorp MCP price target from $85 to $125.