Morgan Stanley Maintains Overweight on MP Materials, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Overweight rating on MP Materials (NYSE:MP) but reduced the price target from $34 to $26.
December 07, 2023 | 1:01 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on MP Materials, indicating a positive outlook, but has lowered the price target from $34 to $26, suggesting a reduced growth expectation.
While the Overweight rating suggests that Morgan Stanley still sees MP Materials as a good investment, the reduction in the price target may indicate concerns about future growth or market conditions that could temper short-term gains. Investors may react to the lower price target with caution, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100