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2:32 PM Deutsche Bank downgrades Pan American Silver (PAAS-2.3%) to Hold from Buy, saying that while the firm still sees upside to gold and silver prices, many precious metal firms are not generating sufficient EPS to justify upside based on P/E multiples of Industrial peers. Hecla Mining (HL-2.5%) and Silver Standard (SSRI-1.9%) are cut to Sell from Hold.
