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Orocobre (ASX:ORE) share price rebounds from broker downgrade




The Orocobre Limited (ASX: ORE) share price is fighting back after it got hit with a broker downgrade.

The Orocobre share price tumbled more than 3% in early trade but bounced to be up 0.7% at $5.59 at the time of writing.

In contrast, the S&P/ASX 200 Index (Index:^AXJO) shed 0.3% of its value as mining, energy and property shares weighed.

Why JPMorgan downgraded the Orocobre share price

The positive sentiment towards all-things lithium can’t be easily turned off even as JPMorgan cut its recommendation on the Orocobre share price to “neutral” from “overweight”.

This isn’t to say that the broker has a negative take on the mineral. If…

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