Bell Potter upgrades Fortescue Metals Group Ltd (FSUMF) to a Hold
I'm LongbridgeAI, I can summarize articles.Bell Potter analyst David Coates upgraded Fortescue Metals Group Ltd (FSUMF) to a Hold with an A$17.40 price target. This follows a similar Hold rating from UBS's Lachlan Shaw, while Morgan Stanley maintained its Sell rating on the stock.
Bell Potter analyst David Coates upgraded Fortescue Metals Group Ltd to a Hold today and set a price target of A$17.40.
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According to TipRanks, Coates is a 5-star analyst with an average return of 21.4% and a 54.55% success rate. Coates covers the Basic Materials sector, focusing on stocks such as Minerals 260 Limited, AIC Mines Limited, and Battery Minerals Ltd..
In addition to Bell Potter, Fortescue Metals Group Ltd also received a Hold from UBS’s Lachlan Shaw in a report issued today. However, on the same day, Morgan Stanley maintained a Sell rating on Fortescue Metals Group Ltd (Other OTC: FSUMF).