** Meteoric Resources MEI.AX soars as much as 22.7% to A$0.135, highest since late July 2024
** Shares rose in the last two sessions after co identified high-grade rare earths in Brazil
** However, Bell Potter trims PT to A$0.17 from A$0.40 on adjustments to near-term neodymium and praseodymium outlook; ** retains "speculative buy"
** PT downgrade reflects adjustments to brokerage's capital funding adjustments for co's Caldeira project
** Stock rated "buy" on avg; median PT is A$0.36, per data compiled by LSEG
** YTD, MEI gains 58.8%
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.