Citi upgrades Fortescue Metals to 'neutral' with a price target of AUD19.00

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Citi upgrades Fortescue Metals to 'neutral' with a price target of AUD19.00

An analyst from Citi upgraded Fortescue Metals (ASX: FMG ) from 'sell' to 'neutral' with a price target of AUD19.00 from a prior price target of %currency%%price%.

Prior to this rating, Fortescue Metals had 0 buy ratings, 4 hold ratings, and 13 sell ratings.

For consensus analyst estimates and price targets on Fortescue Metals, click here. For more news on Fortescue Metals, click here.

Fortescue Metals's stock price closed at $20.500. They are up 1.38% in the last month and down -4.920% in the last 12 months.

According to Investing Pro, Fortescue Metals's fair value is $23.740, an upside of 15.806%. Fortescue Metals's fair value comes with a low degree of uncertainty, according to InvestingPro.

Check out Fortescue Metals's recent earnings performance and financials here.

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