Canaccord raised the firm’s price target on MP Materials (MP) to $26 from $23 and keeps a Buy rating on the shares. The firm said the price of NdPr is quite difficult to predict and that’s what will drive much of the economic story at MP Materials but they believe there are operational improvements that management can implement regardless of commodity price action, that are likely to create value over the next several quarters.
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Read More on MP:
- Omega exits stakes in Devon, Las Vegas Sands, KBR, and Paramount Global
- MP Materials Reports Growth Amidst Market Challenges
- MP Materials reports Q3 adjusted EPS (12c), consensus (13c)
- Myanmar rebels seize rare-earth mining hubs, Nikkei reports
- MP Materials price target raised to $18.50 from $16 at BMO Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
