Realloys soars on inclusion into Russell 3000; Needham launches coverage with buy rating
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REalloys (ALOY) surged 22.7% after being added to the Russell 3000 Index. Concurrently, Needham initiated coverage with a Buy rating and $19 price target, citing strong management and the company's strategic position in decoupling rare earth supply chains from China. Analyst Carter Goman highlighted ALOY's integrated mine-to-magnet approach via partnerships with SRC and PMT Critical Metals as attractive for capitalizing on market dynamics.
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