USA Rare Earth initiated with a Buy at Roth Capital

Roth Capital initiated coverage of USA Rare Earth (USAR) with a Buy rating and $15 price target The company is building out a vertically integrated domestic rare earth elements supply chain as part of its end-to-end “mine-to-magnet” strategy, the analyst tells investors in a research note. The firm believes this capability represents a favorable investment given the current geopolitical shift toward greater reliance on domestic suppliers, particularly given the strategic nature of rare earth elements to key industries such as defense.