Canaccord analyst George Gianarikas lowered the firm’s price target on MP Materials to $19 from $20 and keeps a Buy rating on the shares. The firm updated its target to align with itsglobal view on NdPr pricing but applies a slightly higher multiple given its prospects to become a western magnet leader and move downstream.
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Read More on MP:
- MP Materials price target lowered to $12.50 from $13.50 at Deutsche Bank
- MP Materials reports Q2 adjusted EPS (17c), consensus (9c)
- MP Materials price target lowered to $15 from $16 at JPMorgan
- MP Materials price target lowered to $20 from $24 at Baird
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