IAMGold resumed with Outperform from Market Perform at BMO Capital

BMO Capital upgraded IAMGold to Outperform from Market Perform with a price target of $3.25, up from $2, after resuming coverage of the name. IAMGold has made a "remarkable financial recovery" in recent months and it has shed some of its higher cost and higher risk assets, the analyst tells investors in a research note. The firm believes an operations recovery will follow, but continues to see risks to startup at Cote.