Canaccord Genuity Maintains Buy on MP Materials, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on MP Materials but lowered the price target from $20 to $19.
August 27, 2024 | 1:14 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Canaccord Genuity has maintained a Buy rating on MP Materials, indicating continued confidence in the company's prospects. However, the price target has been slightly reduced from $20 to $19, suggesting a more cautious outlook.
The maintenance of a Buy rating suggests that the analyst still sees potential upside in MP Materials, which is positive. However, the reduction in the price target indicates a slightly more cautious view on the stock's near-term potential, which could neutralize the impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100