UBS Reaffirms Their Hold Rating on Fortescue Metals Group Ltd (FSUMF)
I'm LongbridgeAI, I can summarize articles.UBS analyst Lachlan Shaw has reaffirmed a Hold rating on Fortescue Metals Group Ltd (FSUMF) with a price target of A$19.40. Shaw has an average return of -3.9% and a success rate of 49.68%. Fortescue also received a Hold rating from RBC Capital's Kaan Peker, while Morgan Stanley maintained a Sell rating on the stock.
In a report released today, Lachlan Shaw from UBS maintained a Hold rating on Fortescue Metals Group Ltd, with a price target of A$19.40.
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According to TipRanks, Shaw is an analyst with an average return of -3.9% and a 49.68% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, BHP Group Ltd, and South32.
In addition to UBS, Fortescue Metals Group Ltd also received a Hold from RBC Capital’s Kaan Peker in a report issued on April 24. However, yesterday, Morgan Stanley maintained a Sell rating on Fortescue Metals Group Ltd (Other OTC: FSUMF).