Canaccord analyst George Gianarikas lowered the firm’s price target on MP Materials to $23 from $27 and keeps a Buy rating on the shares. The firm said they are realigning their NdPr pricing assumptions to reflect near-term weakness in pricing and adjusted their price target accordingly.
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Read More on MP:
- MP Materials, Lynas may be working on mega-merger, AFR reports
- MP Materials price target lowered to $22 from $26 at TD Cowen
- MP Materials put volume heavy and directionally bearish
- MP Materials price target lowered to $14 from $18 at Deutsche Bank
- MP Materials price target lowered to $25 from $32 at Northland
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