JPMorgan lowered the firm’s price target on MP Materials to $15 from $16 and keeps a Neutral rating on the shares ahead of the Q2 report. The analyst neodymium and praseodymium pricing is tracking at “depressed levels” amid lackluster demand. MP’s losses are likely to grow in Q2 to trough levels, driven by Stage I’s planned downtime and pricing guided lower, the analyst tells investors in a research note.
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