Morgan Stanley Remains a Buy on Pilbara Minerals (PILBF)
In a report released today, Rahul Anand from Morgan Stanley maintained a Buy rating on Pilbara Minerals (PILBF – Research Report), with a price target of A$1.70. The company's shares closed yesterday at $0.92.
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According to TipRanks, Anand is a 4-star analyst with an average return of 5.9% and a 49.65% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Evolution Mining , and Iluka Resources Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pilbara Minerals with a $1.28 average price target, a 38.96% upside from current levels. In a report released on June 4, RBC Capital also maintained a Buy rating on the stock with a A$2.80 price target.
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