What did Jefferies change in the NICMF analyst rating on Feb 16, 2026?

Jefferies maintained a **Buy** rating on Feb 16, 2026 and raised the price target to **A$1.20** from **A$1.10**. The NICMF analyst rating shows no directional change but a higher valuation assumption.

How should investors interpret a maintained Buy with a higher price target on NICMF?

A maintained Buy with a higher target suggests the analyst grew confident in valuation drivers but kept the same directional view. Use the NICMF analyst rating alongside fundamentals and commodity outlook before changing positions.

Where can I read the Jefferies note cited in the NICMF analyst rating update?

The summary of Jefferies’ update was published by TheFly on Feb 16, 2026. Read the note and context on TheFly [source](https://thefly.com/permalinks/entry.php/id4293300/4162286394/NICMF-Nickel-Industries-price-target-raised-by-A-at-Jefferies-heres-why).

Analyst Ratings

Jefferies Maintains Buy on NICMF (Nickel Industries Limited) Feb 2026

ByHuzaifa Zahoor February 17, 2026February 17, 2026

On Feb 16, 2026 Jefferies maintained Buy on Nickel Industries Limited and raised its price target to A$1.20. The NICMF analyst rating update highlights Jefferies’ continued bullish view on the company’s nickel assets and cash flow prospects. The report shows no change to the Buy conviction but tightens valuation expectations with a higher target. Investors watching NICMF analyst rating should note the date, the new target, and that the report comes with no immediate price move reported