Goldman Sachs maintains 'buy' on Hero MotoCorp
Goldman Sachs has maintained its 'buy' recommendation on Hero MotoCorp, but has lowered its FY13E-15E EPS target by 9 per cent, mainly on lower industry demand outlook after the company announced quarterly results.
Molycorp Inc. on Wednesday announced it would sell as much as $345 million in stock and in notes to help finance both general company operations and development of its mine in Mountain Pass, Calif. The stock component would start at a base of $200 million, with an option to go as high as $230 million if the trio of Wall Street underwriters find enough demand among investors.