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

Tipranks - Tipranks - Tue Mar 17, 7:18PM CDT

Morgan Stanley analyst Rahul Anand maintained a Buy rating on Lynas Rare Earths today and set a price target of A$18.50.

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Anand covers the Basic Materials sector, focusing on stocks such as South32, Rio Tinto Limited, and Pilbara Minerals . According to TipRanks, Anand has an average return of 14.1% and a 57.70% success rate on recommended stocks.

In addition to Morgan Stanley, Lynas Rare Earths also received a Buy from Goldman Sachs’s Paul Young in a report issued on March 13. However, on March 12, Ord Minnett maintained a Sell rating on Lynas Rare Earths (Other OTC: LYSCF).

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The company has a one-year high of A$21.96 and a one-year low of A$6.77. Currently, Lynas Rare Earths has an average volume of 7.16M.

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