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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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
