BMO Capital Maintains Outperform on Sigma Lithium, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Joel Jackson has maintained an Outperform rating on Sigma Lithium (NASDAQ:SGML) but has reduced the price target from $40 to $38.

January 23, 2024 | 1:39 pm
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Sigma Lithium's Outperform rating is maintained by BMO Capital, although the price target has been lowered from $40 to $38.
While the reduction in price target could suggest a slightly less bullish outlook, the maintenance of an Outperform rating indicates that BMO Capital still sees positive potential in Sigma Lithium. The impact on the stock price is likely to be neutral in the short term as the reduction is modest and the overall outlook remains positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100