UPDATE 1-Davenport raises Amcol International to buy

Newswire

Aug 21 (Reuters) - Davenport & Co raised Amcol International Corp to "buy" from "neutral," citing the recent uptick in domestic auto production and potential income from the recently acquired chrome sands operation. The company's core mineral segment, of which metal casting is a primary component, is expected to benefit from the increased production at U.S. automakers after a surge in sales ignited by the "Cash for Clunkers" program. The brokerage, which set a price target of $24 on ...

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