Buy, Sell, Hold: FMG, Orocobre and New Century

FMG downgraded on risk; Orocobre upgraded after deal; and New Century looks to boost production.

Buy, Sell, Hold: FMG, Orocobre and New Century Buy, Sell, Hold: FMG, Orocobre and New Century Buy, Sell, Hold: FMG, Orocobre and New Century Buy, Sell, Hold: FMG, Orocobre and New Century Buy, Sell, Hold: FMG, Orocobre and New Century

Fortescue Metals Group (FMG)

Analyst: Paul Hissey, RBC Capital Markets

Recommendation: Underperform (previously sector perform)

Price target: A$4.25 (previously $5)

Thursday’s close: $5.