BMO Capital Maintains Outperform on Sigma Lithium, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Joel Jackson has maintained an 'Outperform' rating on Sigma Lithium (NASDAQ:SGML) but lowered the price target from $50 to $48.

September 06, 2023 | 12:34 pm
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NEUTRAL IMPACT
Sigma Lithium's price target has been lowered from $50 to $48 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100