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Thursday's analyst upgrades and downgrades Add to ...

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Inside the Market’s roundup of some of today’s key analyst actions

BMO Nesbitt Burns analysts expect a “relatively constructive” underlying pricing environment for most base metals and bulk commodities over the next 12 to 24 months in comparison to current spot prices.

In a research note updating the fourth quarter, the analysts raised their 2017 price forecasts for met coal (38 per cent), platinum (15 per cent), zinc (11 per cent), and iron ore (10 per cent) price forecasts. At the same time, they lowered their near-term outlook for uranium (down 14 per cent in 2017), alumina (down 11 per cent) and aluminum premiums (an average of a decline of 18 per cent).

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