UPDATE: JP Morgan Cuts PT to $5 on Molycorp on Collapsing Rare Earth Prices
JP Morgan reiterated its Underweight rating on Molycorp (NYSE: MCP ) and reduced its price target from $8 to $5. JP Morgan noted, "We are lowering our price target for UW-rated MCP to $5 from $8 to reflect our lower rare earth price forecasts and belief that MCP will
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