Molycorp (MCP) is rebounding in pre market this morning, one day after falling over 20% on a downgrade at JP Morgan. MCP stock is currently trading at $42.50, up 2.5%.
Molycorp's (MCP) CEO was on CNBC's Fast Money on 9/20/11 stating that supply and demand fundamentals have not changed. The CEO remains bullish on rare earth prices for the long term.
Morgan Stanley was out defending shares of MCP on Tuesday and now we have Dahlman Rose calling this sell off a buying opportunity. Dahlman Rose still has a $120 price target on MCP.
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