Deutsche Bank last night upgraded MP Materials (MP) to Buy from Hold with a price target of $71, up from $68. Current share levels offer a buying opportunity for investors seeking exposure to “critical” minerals and rare earth over the medium- to long-term, the analyst tells investors in a research note. The firm says MP is the only player in the West as a fully integrated rare earth company, which is also backed up by the U.S. government. It sees a “clear growth path ahead due to “elevated pricing floor support” from the government and volumes growth through heavy refining, magnet and recycling.
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