Molycorp (MCP) Smashed 15% on Downgrade

Molycorp, Inc. (NYSE: MCP) continues to plunge after this morning's downgrade. Shares are now down 15 percent to $45.04.

JPMorgan downgrade the shares earlier from Overweight to Neutral and cut its price target from $105 to $66, citing the recent drop in rare earth prices.

For details of the downgrade please visit here

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• SpaceX Shares Indicated To Open At $155
• First Advantage to join S&P SmallCap 600, replacing Kennedy-Wilson
• In memo, Meta says it plans to crack down on employee token use as AI costs soar - The Information