Deutsche Bank analyst Chris Terry upgraded Pan American Silver to Buy from Hold while lowering his price target for the shares to $15.50 from $17.50. While Pan American potentially overpaid for Tahoe Resources for, the share price has adjusted down since the deal announcement, which now presents an attractive entry point for investors wanting exposure to gold and silver globally, Terry tells investors in a research note. Pan American has quality producing assets, such as La Colorada, coupled with large silver reserves and a strong track record of managing Latin America-based assets, says Terry.