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The more brokers that upgrade should help move the price.

115 GMT [Dow Jones] STOCK CALL: JPMorgan ups OZ Minerals Ltd. (OZL.AU) to overweight from neutral but cuts Newcrest Mining (NCM.AU) to neutral from overweight after revising earnings for mining stocks. OZ upgrade comes in the wake of major increases to copper price forecasts of 23.4% in 2010, 25.2% in 2011 and 4.2% in 2012. JPM likes OZ's Prominent Hill deposit and believes the stock is a takeover target; target price upped to 92 cents from 85 cents. Newcrest also benefits from increased copper price forecasts but this is offset by impact of stronger AUD outlook; target price trimmed to A$32.50 a share
from A$33.25. Maintains underweight rating for Alumina (AWC.AU), but cuts target to 32 cents from 36 cents. Maintains underweight rating for Energy Resources of Australia (ERA.AU), ups target to A$19.40 a share from A$18. Fortescue (FMG.AU) kept at underweight, target cut to A$1.03 from A$1.25. OZL trading up 4.9% at 86 cents, NCM up
0.8% to A$32.21, AWC up 3.5% to A$1.32, ERA down 3.5% at A$25.97 and FMG up 1.5% at A$2.67. (APW)