BUZZ-Bell Potter raises PT for Australia's Lynas ahead of Q2 results on Jan 17

Reuters
14 Jan
BUZZ-Bell Potter raises PT for Australia's Lynas ahead of Q2 results on Jan 17

** Lynas Rare Earths LYC.AX rises as much as 0.7% to A$7.150

** Bell Potter sees Visible Alpha consensus estimates for LYC to be revised lower after Q2 results on Jan. 17 if co's outlook remains bleak

** However, brokerage raises PT to A$7.70 from A$7.50, saying "our blended forward EV/EBITDA picks up (over) a greater portion of FY26... LYC is a high-quality business"; retains "hold"

** Sees neodymium-praseodymium (NdPr) imports into China to slow over coming quarters, which could support near-term pricing for rare earth materials

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10