The Globe and Mail reports in its Friday, Aug. 18, edition that Stifel analyst Ingrid Rico has elevated her recommendation for Franco-Nevada to "buy" from "hold." The Globe's David Leeder writes that despite the rating upgrade, Ms. Rico cut her share target by $7 to $215. Analysts on average target the shares at 214.60. Ms. Rico likes where Franco-Nevada is trading at now, offering an "entry opportunity to this premium royalty/streamingco name." She says in a note: "Overhang from Cobre Panama has been lifted and results in Q2 confirmed that Cobre is back to normal production levels. The most recent update from Cobre Panama's operator in Q2 has confirmed that the refreshed concession contract has completed the public consultation process, and has been signed by the Government of Panama as of June 26. The refreshed concession contract is anticipated to be presented before the National Assembly of Panama during the current term, with the most recent legislative term started on July 1. This refreshed concession contract has, in our view, removed a significant overhang on operations at the mine." The Globe reported on Jan. 24 that Ms. Rico had cut Franco-Nevada to "hold" from "buy." It was then worth $194.97.