BofA raised the firm’s price target on MP Materials (MP) to $26 from $22 and keeps a Buy rating on the shares. Q4 adjusted EBITDA loss was better than BofA and Visible Alpha consensus, driven by higher shipments and realized pricing, while MP guided for higher sequential production in Q1 with pricing flat and continues to see “line of sight” to positive midstream gross margins exiting the quarter, the analyst tells investors.
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Read More on MP:
- MP Materials price target raised to $30 from $25 at Baird
- Strategic Growth and Market Leadership: MP Materials’ Buy Recommendation
- Optimistic Outlook on MP Materials: Strategic Advancements and Increased Price Target Amid Global Trade Tensions
- MP Materials Reports Mixed Financial Results Amid Operational Gains
- Positive Outlook for MP Materials Driven by Strong Financials, Strategic Expansion, and Favorable Policy Environment
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