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Why MP Materials Stock Got Mashed on Monday

A rather untypical set of analyst moves kept investors away from the stock. Knocked down a peg The downgrading party was CFRA's Matthew Miller, who that morning changed his rating on MP Materials to buy from its previous strong buy. In doing so, however, he raised the price target on the shares considerably, to 88apiecefrom88 apiece from 68. Investors clearly focused on the recommendation downshift rather than the price target boost. This might be due to the fact that Miller is still counting on the company to book a ...