What exactly changed in the IPGDF analyst rating on Feb 16, 2026?

Jefferies maintained an **Underperform** rating for IGO Limited and raised its price target to **A$5.80** from **A$5.40** on Feb 16, 2026. The rating itself did not change.

How should investors interpret the maintained Underperform for IPGDF?

A maintained Underperform means Jefferies expects lower relative returns for IPGDF versus peers. Investors should weigh the call alongside financials, commodity outlooks, and portfolio risk limits.

Does the price target raise change the outlook for IPGDF stock?

The modest target raise suggests slightly improved near-term prospects but no shift in long-term view. Combine this signal with other analyst notes and company updates before adjusting positions.

Where can I read the full analyst note referenced here?

The Jefferies note is referenced on [TheFly](https://thefly.com/permalinks/entry.php/id4293307/5661286394/IPGDF-IGO-Limited-price-target-raised-by-A-at-Jefferies-heres-why). Meyka provides real-time tracking and additional context on its IPGDF stock page.

Analyst Ratings

Jefferies Maintains Underperform on IGO Limited (IPGDF) Feb 16, 2026

ByDanny Kontos February 17, 2026February 17, 2026

Jefferies on Feb 16, 2026 maintained an Underperform rating on IGO Limited (IPGDF) while lifting its price target. The IPGDF analyst rating shows caution from Jefferies despite a small target raise. Jefferies moved the target to A$5.80 from A$5.40. This note is the only public change in analyst coverage on that date and it gives investors a clear risk view