Mineral Resources (ASX:MIN) has "adequately" addressed governance concerns so far, but the issues have not yet been fully resolved, UBS said, multiple media outlets reported Monday.
The investment bank lifted its rating on Mineral Resources to buy from sell and boosted its price target to AU$28.60 from AU$33, following recent stock weakness, the reports said.
Mineral Resources' shares rose nearly 9% in recent Monday trade.
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