Wall Street Analysts Are Bullish on Top Materials Picks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2024
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Source: Business Insider
Fortescue Metals Group Ltd (FSUMF): Analysts maintain a bullish outlook with RBC Capital's Kaan Peker and J.P. Morgan both issuing Buy ratings, targeting A$21.00 and A$23.00 respectively, despite a general Hold consensus among analysts with a lower average price target of A$12.96.
Regis Resources Limited (RGRNF): Alex Barkley from RBC Capital also holds a Buy rating with a price target of A$3.20, while the overall analyst consensus is a Hold with a lower target of $1.55, indicating a potential downside.
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.
