What exactly did Jefferies change for the FSUGY analyst rating on Feb 16, 2026?

Jefferies maintained an **Underperform** rating for FSUGY on **February 16, 2026** and cut its price target to **A$17.20** from **A$18.40**, citing updated commodity and cost assumptions.

How should investors interpret the FSUGY analyst rating maintained as Underperform?

A maintained Underperform means Jefferies expects FSUGY to lag peers in the next 12 months, signaling caution for new buyers and prompting holders to reassess risk exposure to iron ore cycles.

Does the FSUGY analyst rating change include a price target and market impact?

Yes, Jefferies set a new price target at **A$17.20**; the move tightens expected downside, and the immediate recorded price change was **0.0%**, suggesting limited short-term market reaction.

What does Meyka AI say about the FSUGY analyst rating?

Meyka AI rates FSUGY with a grade of **B+**, combining S&P 500 comparison, sector performance, growth metrics, and analyst consensus to contextualize the Jefferies Underperform call.

Analyst Ratings

Jefferies maintains FSUGY Underperform for Fortescue Metals on Feb 16, 2026

ByDanny Kontos February 17, 2026February 17, 2026

Jefferies maintained an Underperform rating on Fortescue Metals Group Limited (FSUGY) on February 16, 2026, and lowered its price target to A$17.20 from A$18.40. This FSUGY analyst rating move signals continued cautiousness from a major global house, driven by commodity outlooks and margin pressure. Investors should note that Jefferies kept the rating rather than cutting it, which shows they expect further near-term challenges rather than immediate deterioration. The update was published at 07:12 AM and is sourced from TheFly source.