Canaccord analyst George Gianarikas lowered the firm’s price target on MP Materials to $27 from $32 and keeps a Buy rating on the shares. The firm said their target reduction is due to a reduction in our target EV/EBITDA multiple from 11x 2026E EBITDA to 9x based on multiple compression across the comp set.
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Read More on MP:
- MP Materials reports Q3 adjusted EPS 4c, consensus 0c
- MP Materials price target lowered to $24 from $28 at Baird
- MP Materials price target lowered to $24 from $27 at JPMorgan
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- MP Materials upgraded to Outperform from Market Perform at Northland