0427 GMT - Euroz Hartleys downgrades Lynas Rare Earths to hold from buy, saying its market value looks stretched. The broker also raises its target on the stock to A$13.00/share from A$12.00. "At current levels, LYC is already pricing in materially higher RE [rare earths] prices than both Chinese benchmarks" and a $110/kilogram neodymium-praseodymium floor price set under the Pentagon's deal with MP Materials, the broker says. Still, Euroz Hartleys says that the stock could continue to gain, fueled by unprecedented Western government support and improving rare earths prices. Lynas is up 0.4% at A$14.40/share. It has more than doubled in value year to date. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

September 03, 2025 00:27 ET (04:27 GMT)

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