Deutsche Bank Downgrades Lithium Americas to Hold, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Corinne Blanchard has downgraded Lithium Americas (NYSE:LAC) from Buy to Hold and lowered the price target from $25 to $7.
October 18, 2023 | 8:35 am
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NEGATIVE IMPACT
Lithium Americas has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target from $25 to $7.
The downgrade from Buy to Hold and the significant reduction in price target by Deutsche Bank indicates a less optimistic outlook for Lithium Americas. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100