RBC Capital downgraded Fortescue Ltd. (FSUMF) to Sector Perform from Outperform with an unchanged price target of A$20. The firm cites valuation for the downgrade following the fiscal 2025 report.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSUMF:
- Fortescue Metals downgraded to Neutral from Overweight at JPMorgan
- Fortescue Metals Group: FY25 Earnings and Green Initiatives
- Fortescue Metals Group Announces AUD 0.60 Dividend Distribution
- Fortescue Metals Group Announces Dividend Reinvestment Plan Amidst Declining Profits
- Fortescue Metals Group Releases 2025 Corporate Governance Statement
