Shares in Australia-based mining service company Mineral Resources Limited (ASX: MIN) are up 3% at the time of writing to $17.51.
Shares in Mineral Resources have tracked up steadily in the last 12-months, rising from just $10.48 at this time last year.
A broker from wealth management group Ord Minnett downgraded Mineral Resources to accumulate from buy as Ord Minnett also lowered its price target on the stock from $20.50 down to $19.50.
The broker noted other lithium players would be a better buy at present, with Orocobre Limited (ASX: ORE), Galaxy Resources Limited (ASX: GXY) and Kidman Resources Ltd (ASX: KDR) on the broker's preferential.
Mineral Resources released its half-year report on February 8, announcing a FY18 EBITDA guidance of $500 million as a minimum after booking a 22% rise in revenue for the six months to December 31, 2017, with NPAT up 16.4% and EBITDA up 25% over the same period.
