JPMorgan raised the firm’s price target on MP Materials (MP) to $18 from $15 and keeps a Neutral rating on the shares ahead of the Q3 report. The firm anticipates “relatively upbeat commentary” from the company following China stimulus news and that losses ease sequentially given less downtime.
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Read More on MP:
- MP Materials price target raised to $18 from $15 at JPMorgan
- Unusually active option classes on open October 18th
- MP Materials price target raised to $23 from $20 at DA Davidson
- Largest borrow rate increases among liquid names
- MP Materials price target raised to $16 from $15.50 at BMO Capital
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