UBS Sticks to Its Hold Rating for Fortescue Metals Group Ltd (FSUMF)
I'm LongbridgeAI, I can summarize articles.UBS analyst Lachlan Shaw has maintained a Hold rating on Fortescue Metals Group Ltd (FSUMF) with a price target of A$20.00. Shaw has an average return of -2.5% and a 50% success rate. Additionally, Morgans' Adrian Prendergast also issued a Hold rating, while Morgan Stanley maintained a Sell rating on the same day.
In a report released today, Lachlan Shaw from UBS maintained a Hold rating on Fortescue Metals Group Ltd, with a price target of A$20.00.
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According to TipRanks, Shaw is an analyst with an average return of -2.5% and a 50.00% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh, and BHP Group Ltd.
In addition to UBS, Fortescue Metals Group Ltd also received a Hold from Morgans’s Adrian Prendergast in a report issued on February 26. However, on the same day, Morgan Stanley maintained a Sell rating on Fortescue Metals Group Ltd (Other OTC: FSUMF).