UPDATE: Credit Suisse Upgrades Goldcorp

In a note released Wednesday, Credit Suisse analyst, Anita Soni upgraded shares of Goldcorp

from Neutral to Outperform and raised the price target slightly from $32 to $33. Soni wrote, "Goldcorp is our preferred senior gold stock and the best positioned to weather a lower gold price environment." As support for the her upgrade, Soni cited the company's "strong" balance sheet, lower cost new mines, longer mine life, and "superior" dividend yield. Additionally, Soni is looking for Goldcorp to produce the highest free cash flows among the senior gold producers by 2016. in a look ahead, Soni has raised her EPS estimate for 2015 and '16 from $0.84 and $1.11 to $0.94 and $1.21, respectively.