Maxim lowered the firm’s price target on 5E Advanced Metals (FEAM) to split-adjusted $12 from $23 and keeps a Buy rating on the shares. The firm is also adjusting its model on expectation for the company to continue to focus on providing boric acid production to customer qualification programs instead of selling production in the spot market, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FEAM:
- 5E Advanced Materials trading resumes
- 5E Advanced Materials trading halted, volatility trading pause
- Upcoming Stock Splits This Week (February 17 to February 21) – Stay Invested
- 5E Advanced Materials Faces Restructuring Risks: Potential Dilution and Bankruptcy on the Horizon
- 5E Advanced Materials trading halted, news pending