Latest REE newsGlobe says Neo still an "outperformer" for Fromson 2019-05-24 08:48 ET - In the News The Globe and Mail reports in its Friday, May 24, edition that CIBC World Markets analyst Scott Fromson raised his target for Neo Performance Materials ($11.95) to $16 from $15 after considering how it would fare if the trade war between the United States and China spilled over to the rare earths space. The Globe's Gillian Livingston writes in the Eye On Equities column that Mr. Fromson reiterated his "outperformer" call. Analysts on average target the shares at $18. Mr. Fromson says in a note: "How would NEO's business fare in the event of the U.S./China trade war spilling over to the rare earths space? This has the potential to increase rare earths pricing and the NEO share price -- in the near term, in anticipation of higher EBITDA over the medium term. News stories on Xi Jinping's visit to a major domestic rare earths facility suggest that his government will use American dependence on China for about 80 per cent of its rare earths consumption as leverage in the ongoing trade war. China's upcoming tariff increase on U.S. rare earths imports is of little consequence to NEO due to its sourcing of raw materials from China, Europe and Malaysia. Further, NEO's shipments from China to the U.S. are minor."