Rare Earths Moving On Molycorp Price Target Raise (MCP, SHZ, REE)

Shares of the rare earth metal names are moving sharply higher in pre-market trading after J.P. Morgan raised its price target on Molycorp MCP. China Shen Zhou Mining & Resources Inc. SHZ, Molycorp, Inc. MCP and Rare Element Res Ltd Ordinary Shares REE are all gaining 4% or more this morning.