Did anyone read the note below from Morgan Stanley:
Analysts at Morgan Stanley have retained their underweight rating but lifted their price target on this iron ore and lithium focused mining company’s shares to $49.70. According to the note, the broker has increased its earnings estimates for the coming years. However, that isn’t enough for a more positive rating. The broker continues to believe that the market is overlooking project execution risks and the potential for widening discounts for low grade iron ore.
Is this possible or just a scare tactic so fund managers can buy in.
Down by 5% today? Why?, page-22
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Last
$54.42 |
Change
-0.360(0.66%) |
Mkt cap ! $10.69B | |||
| Open | High | Low | Value | Volume |
| $55.10 | $55.40 | $54.25 | $38.80M | 710.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $54.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $54.45 | 46 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |