IGO Limited upgraded to Equal Weight from Underweight at Morgan Stanley
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 08 2025
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Source: Business Insider
Analyst Upgrade: Morgan Stanley upgraded IGO Limited to Equal Weight from Underweight with a revised price target of A$3.50, citing the company's diversified exposure to clean energy metals but noting that current stock prices reflect this value.
Risks and Challenges: The analyst highlighted several risks for IGO Limited, including increased capital expenditures, slower ramp-up at Kwinana, pricing issues, and volume build challenges at Greenbushes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
