Merrill backs Inco

HIGH nickel prices continue to generate upward revisions in the profit and share price outlook of producers with Inco on the receiving end overnight of another bullish tip from a big broking house.

Merrill backs Inco Merrill backs Inco Merrill backs Inco Merrill backs Inco Merrill backs Inco

Merrill Lynch has lifted its share price outlook for Inco from US$36 to US$40, and put a buy tag on the Canadian miner.

Inco is currently trading around US$34.

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