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Morgan Stanley Reaffirms Their Hold Rating on Lynas Rare Earths (LYSCF)

Tipranks - Tipranks - Tue Jun 30, 8:22PM CDT

Morgan Stanley analyst Rahul Anand maintained a Hold rating on Lynas Rare Earths today and set a price target of A$20.45.

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Anand covers the Basic Materials sector, focusing on stocks such as PLS Group, BHP Group Ltd, and Sandfire Resources Limited. According to TipRanks, Anand has an average return of 13.4% and a 56.17% success rate on recommended stocks.

Currently, the analyst consensus on Lynas Rare Earths is a Moderate Buy with an average price target of A$21.63.

See today’s best-performing stocks on TipRanks >>

Based on Lynas Rare Earths ‘s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$413.69 million and a net profit of A$80.21 million. In comparison, last year the company earned a revenue of A$254.31 million and had a net profit of A$5.85 million

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