Fortescue Stock Outlook Continues to Hinge on Iron Ore Demand -- Market Talk
Dow Jones
Aug 26
2342 GMT - Iron-ore demand will remain the key near-term catalyst for Fortescue's shares, "with emphasis on China policy decisions," Jefferies analyst Mitch Ryan says in a note. There are no material operational updates in Fortescue's FY earnings report, and guidance remains unchanged, he says. Jefferies has a hold rating and A$17.50 target on Fortescue. The stock last traded at A$20.00. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
August 25, 2025 19:42 ET (23:42 GMT)
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