Canaccord raised the firm’s price target on MP Materials (MP) to $77 from $64 and keeps a Buy rating on the shares. The firm updated its model following a management presentation that Canaccord may be underappreciated when they said that “the DOD has committed to purchase 100% of the output from the new facility on a cost plus basis”…and MP expects “to syndicate a large portion of this output to commercial customers at improved economics, creating meaningful upside potential.” Canaccord calling it a demand buffer with upside margin potential.
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Read More on MP:
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