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.
More Stocks News
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/