MP Materials downgraded at Jefferies on limited upside after rally

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neodymium is a magnetic chemical element with the symbol Nd, in solid state. It is part of the rare earth group, used in the technology industry

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MP Materials (NYSE:MP) -3.1% in Monday's trading as Jefferies downgraded shares to Hold from Buy with a $33 price target, seeing limited upside potential following the recent rally that saw the stock double from May 27 to June 20.

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