Piper Jaffray Downgrades Molycorp (MCP) to Neutral Following Q4 Results
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Price: $0.36 --0%
Rating Summary:
2 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
2 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Piper Jaffray's Jagadish Iyer downgraded shares of Molycorp (NYSE: MCP) from Overweight to Neutral Monday morning. The analyst's price target moved from $50 to $28.
The downgrade follows in-line Q4 results from Molycorp on Thursday afternoon. The stock declined by nearly 8 percent on Friday.
Shares are indicated more than 3 percent lower this morning. The stock last traded at $25.94.
For an analyst ratings summary and ratings history on Molycorp click here. For more ratings news on Molycorp click here.
The downgrade follows in-line Q4 results from Molycorp on Thursday afternoon. The stock declined by nearly 8 percent on Friday.
Shares are indicated more than 3 percent lower this morning. The stock last traded at $25.94.
For an analyst ratings summary and ratings history on Molycorp click here. For more ratings news on Molycorp click here.
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