Why MP Materials Stock Got Mashed on Monday
MP Materials (NYSE: MP), which is the company that owns the one and only rare earth mine in the U.S., has attracted considerable investor interest lately, but didn't have a great Monday on the stock market.
The company's shares closed the session more than 2% lower in price after a researcher downgraded its recommendation on them. The S&P 500 index did relatively better, sliding by a relatively light 0.3%.
The downgrading party was CFRA's Matthew Miller, who that morning changed his rating on MP Materials to buy from its previous strong buy. In doing so, however, he raised the price target on the shares considerably, to $88 apiece from $68.
Source Fool.com
