FMG News: Energy & Utilities Roundup: Market Talk - 16th Jan 2024, 10:37pm

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0245 GMT – Fortescue green-hydrogen strategy appears to have lured new investors, with the iron-ore miner’s stock fetching a premium versus large-cap rivals, says Citi analyst Paul McTaggart. McTaggart sticks with a sell rating on the stock but raises Citi’s target on Fortescue to A$23.00 from A$22.00. In the short run, Fortescue has the greatest leverage to near-term iron-ore price upgrades, he says.

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