Piper Jaffray Downgrades Molycorp (MCP) to Neutral Following Q4 Results
Tweet
Share
E-mailGet Alerts MCP Hot Sheet
Price: $0.36 --0%
Rating Summary:
2 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla to launch Cybercab in Austin this month - report
- BofA Securities Reiterates Buy Rating on Micron Technology (MU); Sees $230+ in EPS by FY30
- BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Piper Jaffray, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
