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MP Materials price target lowered to $94 from $112 at BofA

BofA lowered the firm’s price target on MP Materials (MP) to 94from94 from 112 and keeps a Buy rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China’s slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe. TipRanks Black Friday Sale Claim 60% off TipRanks Premium for the data-backed insights and research t ...