BofA lowered the firm’s price target on MP Materials to $24 from $25 and keeps a Buy rating on the shares. After the BofA Commodities team refreshed its metal price outlook, the analyst mostly increased price objectives across coverage, though notes “most are modest increases.”
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Read More on MP:
- MP Materials price target lowered to $14 from $15.50 at Morgan Stanley
- MP Materials call volume above normal and directionally bullish
- MP Materials put volume heavy and directionally bearish
- MP Materials price target lowered to $14.50 from $15 at Deutsche Bank
- MP Materials reports Q1 adjusted EPS (4c), consensus (2c)
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