RESEARCH ALERT-HudBay Minerals: Canaccord Genuity raises to buy

Jan 7 (Reuters) - :

* Hudbay Minerals Inc HBM.TO : Canaccord Genuity raises to buy from hold

* Forbes & Manhattan Coal Corp FMC.TO : Canaccord Genuity cuts to hold from

spec buy

* Capstone Mining Corp CS.TO : Canaccord Genuity raises target price to

C$3.40 from C$2.90; rating hold

* Hudbay Minerals Inc HBM.TO : Canaccord Genuity raises target price to C$19

from C$17

* Labrador Iron Ore Royalty Corp LIF.TO : Canaccord Genuity raises target

price to C$42 from C$42; rating buy

* Vale Sa VALE.N : Canaccord Genuity raises target price to $20 from $17.50;

rating buy

* Xinergy Ltd XRG.TO : Canaccord Genuity cuts target price to C$0.30 from

C$0.40; rating hold

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