** Brokerage UBS remains "neutral" on Australia's Mineral Resources MIN.AX as governance overhaul gains momentum with the appointment of two independent non-executive directors, Lawrie Tremain and Ross Carroll
** Maintains MIN's price target at A$26 apiece
** UBS says the appointments indicate "further progress on MIN's governance overhaul milestones that is in turn critical to the investment thesis"
** UBS highlights Carroll's role as Independent Chair of Ethics and Governance Committee, saying it "refreshes a key board function designed to drive MIN's governance overhaul"
** "We look to further renewal of Independent non-executive directors in the period ahead to continue to gain confidence in MIN's governance overhaul" - UBS
** 5 of 14 analysts rate the stock "buy", 6 rate it "hold", and 3 rate it "sell" or lower, their median PT is A$22.00 – LSEG data
** Stock is down 28.6% YTD, as of last close
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com))
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