logo
Jefferies Sticks to Their Buy Rating for Lynas Rare Earths (LYSCF)

Jefferies Sticks to Their Buy Rating for Lynas Rare Earths (LYSCF)

Business Insider11 hours ago
In a report released on July 25, Mitch Ryan from Jefferies maintained a Buy rating on Lynas Rare Earths , with a price target of A$12.50. The company's shares closed last Friday at $7.07.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ryan covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths , Northern Star Resources Ltd, and Boss Energy . According to TipRanks, Ryan has an average return of 12.5% and a 65.96% success rate on recommended stocks.
In addition to Jefferies, Lynas Rare Earths also received a Buy from CLSA's Jonathan Sharp in a report issued on July 25. However, on the same day, Canaccord Genuity downgraded Lynas Rare Earths (Other OTC: LYSCF) to a Hold.
The company has a one-year high of $7.64 and a one-year low of $3.68. Currently, Lynas Rare Earths has an average volume of 75.21K.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

TCS shares fall nearly 2% as company announces workforce reduction amid demand and skills realignment
TCS shares fall nearly 2% as company announces workforce reduction amid demand and skills realignment

Business Upturn

time4 minutes ago

  • Business Upturn

TCS shares fall nearly 2% as company announces workforce reduction amid demand and skills realignment

Shares of Tata Consultancy Services Ltd (TCS) slipped nearly 2% to ₹3,094.30 on Monday, following the company's announcement of a planned 2% reduction in its global workforce over the course of the year. The stock was down from its previous close of ₹3,135.80, as investors digested the implications of the move, particularly in the context of slowing demand and evolving business priorities. The company stated that the layoffs would primarily impact employees in the middle and senior management levels and emphasized that the decision was driven not by cost pressures or AI disruption, but by a misalignment of current skills with deployment feasibility. CEO K Krithivasan clarified that TCS continues to invest in acquiring and training high-quality talent and that the workforce reshaping is part of its transition toward becoming a 'future-ready organisation.' The announcement comes amid a broader trend of declining headcount across the Indian IT sector following the post-pandemic hiring surge. TCS has already seen a reduction of 2,249 employees, while rivals Infosys and Wipro have reported even steeper cuts of over 12,000 and 25,000 respectively. Brokerages were cautious in their reaction. Citi reiterated its 'sell' rating on TCS with a target price of ₹3,135, suggesting that the workforce cut could be attributed to multiple factors such as margin pressures, skill gaps, productivity challenges, and softening demand. It flagged concerns over near-term margin and cash flow performance. Jefferies warned that the downsizing could lead to execution challenges in the short term and potentially drive higher attrition over time. The brokerage highlighted that with deal wins increasingly linked to cost optimisation and AI-driven productivity, companies failing to gain market share may be forced to rationalise headcount. Jefferies remains selective in its IT coverage, preferring names like Infosys, HCLTech, Coforge, and Mphasis. Despite the cautious commentary, a majority of analysts continue to have a positive long-term view on TCS. Of the 51 analysts tracking the stock, 32 maintain a 'buy' rating, 15 recommend 'hold', and only four advise 'sell.' The market reaction reflects immediate concerns about the broader IT sector's growth trajectory, even as companies like TCS try to future-proof their talent and optimise their operations in a shifting technological and economic landscape. Ahmedabad Plane Crash

BHP Group (BHP) was downgraded to a Hold Rating at BMO Capital
BHP Group (BHP) was downgraded to a Hold Rating at BMO Capital

Business Insider

timean hour ago

  • Business Insider

BHP Group (BHP) was downgraded to a Hold Rating at BMO Capital

BHP Group received a Hold rating and price target from BMO Capital analyst Alexander Pearce today. The company's shares closed last Friday at $53.15. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Pearce covers the Basic Materials sector, focusing on stocks such as Champion Iron, Atalaya Mining, and BHP Group. According to TipRanks, Pearce has an average return of 12.7% and a 58.65% success rate on recommended stocks. In addition to BMO Capital, BHP Group also received a Hold from Macquarie's Robert Stein in a report issued on July 18. However, on July 23, Berenberg Bank downgraded BHP Group (NYSE: BHP) to a Sell. Based on BHP Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $25.18 billion and a net profit of $4.42 billion. In comparison, last year the company earned a revenue of $27.46 billion and had a net profit of $927 million

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store