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Wednesday, December 28, 2011

Stock Alert - JP Morgan lowers its price target on Molycorp Inc. (MCP) to $39 from $57 - 12/28/11

JP Morgan lowers its price target on Molycorp Inc. (MCP) to $39 from $57 as China's higher-than-expected 2012 rare earth export quota and increased production from Molycorp and Lynas are likely to pressure rare earth prices. JP Morgan also slashes its earnings-per-share estimates for Molycorp for 2012 and 2013. 


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