B. Riley Securities Downgrades 5E Advanced Materials to Neutral, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Matthew Key has downgraded 5E Advanced Materials (FEAM) from Buy to Neutral and reduced the price target from $4 to $2.5.
December 07, 2023 | 10:52 am
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5E Advanced Materials was downgraded by B. Riley Securities from Buy to Neutral with a lowered price target from $4 to $2.5.
The downgrade by a prominent analyst from B. Riley Securities, along with a significant reduction in the price target, is likely to negatively impact investor sentiment and the stock price of FEAM in the short term.
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