Alliance Global Partners lowered the firm’s price target on Metals Company (TMC) to $6 from $6.25 and keeps a Buy rating on the shares. The firm, which says it views President Trump’s recently-signed Executive Order advocating for the development of the deep-sea minerals industry in the United States, as “a significant de-risking event for the entire industry,” trimmed its price target due to the inclusion of dilution from the financing in the firm’s model.
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