Evercore ISI Group Maintains Outperform on Lithium Americas, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Stephen Richardson maintains an Outperform rating on Lithium Americas (NYSE:LAC) but lowers the price target from $13 to $9.

March 15, 2024 | 12:53 pm
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Evercore ISI Group maintains an Outperform rating on Lithium Americas but lowers the price target from $13 to $9.
The reduction in the price target from $13 to $9 by Evercore ISI Group, despite maintaining an Outperform rating, could lead to a negative short-term sentiment among investors. This adjustment reflects a lowered valuation expectation, which might cause some investors to reassess the stock's growth prospects and potentially lead to a decrease in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100