Morgan Stanley Starts MP Materials (MP) at Overweight

March 2, 2021 2:08 AM EST
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Price: $36.17 -0.6%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 47
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(Updated - March 2, 2021 9:25 AM EST)

Morgan Stanley analyst Carlos De Alba initiates coverage on MP Materials (NYSE: MP) with a Overweight rating and a price target of $57.00.

The analyst commented, "MP is the largest US-based miner of rare earths and a play on accelerating adoption of electric vehicles and electrification trends in wind turbines. The company's strong balance sheet and positive cash from operations support a value-added downstream strategy."

For an analyst ratings summary and ratings history on MP Materials click here. For more ratings news on MP Materials click here.

Shares of MP Materials closed at $46.20 yesterday.

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