MP Materials Backed By $110 DoD Price Floor As JPMorgan Sees 33% Upside

Rare earths are political again. And that's exactly why MP Materials Corp (NYSE:MP) may have one of the most unusual earnings setups in mining: a government-backed floor with upside still intact.Ahead of fourth-quarter results, JPMorgan Chase analyst Bill Peterson reiterated his Overweight rating and lifted his price target to $76 — implying roughly 33% upside from recent levels. His core argument? Visibility.$110 DoD Price Floor Anchors EarningsPeterson points to MP's Department of Defense agreement, which ...