J.P. Morgan upgrades Deterra Royalties Ltd (DRR) to a Buy
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Lyndon Fagan upgraded Deterra Royalties Ltd (DRR) to a Buy rating with an A$5.10 price target, citing the company's position in the Basic Materials sector. This contrasts with the current market consensus of Hold and an average price target of A$4.60. DRR shares closed at A$4.44. Fagan is recognized as a 5-star analyst with a strong track record.
Deterra Royalties Ltd received a Buy rating and a A$5.10 price target from J.P. Morgan analyst Lyndon Fagan yesterday. The company’s shares closed today at A$4.44.
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According to TipRanks, Fagan is a 5-star analyst with an average return of 10.6% and a 63.71% success rate. Fagan covers the Basic Materials sector, focusing on stocks such as PLS Group, Rio Tinto Limited, and Deterra Royalties Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for Deterra Royalties Ltd with a A$4.60 average price target.