Cantor Fitzgerald upgraded Trilogy Metals (TMQ) to Buy from Speculative with a price target of $10, up from $3, after the U.S. Department of War announced it was acquiring a 10% equity stake with a $35.6M investment. After the U.S. took the stake, the firm is re-pricing its expectations for future financings with a higher Trilogy share price and less future equity dilution, the analyst tells investors.
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