BMO Capital Maintains Outperform on Sigma Lithium, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Joel Jackson has maintained an Outperform rating on Sigma Lithium (NASDAQ:SGML) but reduced the price target from $44 to $40.
November 24, 2023 | 3:24 pm
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Sigma Lithium's Outperform rating is maintained by BMO Capital, though the price target has been lowered from $44 to $40.
The reduction in price target may cause some investors to adjust their expectations for SGML's stock performance, potentially leading to short-term price fluctuations. However, the maintenance of an Outperform rating suggests that the analyst still has a positive outlook on the company's prospects, which could balance out the impact of the lower price target.
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