Morgan Stanley analyst Carlos De Alba raised the firm’s price target on MP Materials to $16 from $13.50 and keeps an Equal Weight rating on the shares. The firm is updating price targets and estimates across its North America mining coverage to factor in new commodities price forecasts and foreign exchange assumptions.
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Read More on MP:
- S&P announces changes to S&P 400, 600 indexes for quarterly rebalance
- MP Materials announces $300M increase to its share repurchase program
- MP Materials price target lowered to $19 from $20 at Canaccord
- MP Materials price target lowered to $12.50 from $13.50 at Deutsche Bank
- MP Materials reports Q2 adjusted EPS (17c), consensus (9c)