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Ord Minnett Sticks to Its Buy Rating for Fortescue Metals Group Ltd (FSUMF)

Tipranks - Tipranks - Wed Jan 28, 1:52AM CST

In a report released today, from Ord Minnett maintained a Buy rating on Fortescue Metals Group Ltd, with a price target of A$23.00.

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In addition to Ord Minnett, Fortescue Metals Group Ltd also received a Buy from TipRanks – Anthropic’s Anthropic Industrial Materials in a report issued on January 23. However, today, Morgan Stanley maintained a Sell rating on Fortescue Metals Group Ltd (Other OTC: FSUMF).

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Based on Fortescue Metals Group Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$8.19 billion and a net profit of A$1.89 billion. In comparison, last year the company earned a revenue of A$8.71 billion and had a net profit of A$2.35 billion

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