In a strategic move, Morgan Stanley upgraded MP Materials to “Overweight,” highlighting a historic deal that positions the company as a cornerstone of U.S. critical-materials security. The company aims to build a fully domestic mine-to-magnet supply chain, with a joint venture with the U.S. Department of Defense and Saudi miner Ma’aden. MP Materials, known for rare-earth materials and magnetics, has seen a strong rebound this year, with a surge of 283.46% in year-to-date performance. Analysts predict further improvement in earnings, with a consensus “Strong Buy” rating and an average price target of $79.89, indicating a potential upside of 39.43%.

Read more at Barchart: Morgan Stanley Is Sweetening on MP Materials Stock Following ‘Historic Deal.’ Should You Buy MP Here?