BMO Capital Maintains Market Perform on Piedmont Lithium, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Greg Jones has maintained a Market Perform rating on Piedmont Lithium (NASDAQ:PLL) and increased the price target from $20 to $28.
May 10, 2024 | 3:09 pm
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BMO Capital has maintained its Market Perform rating on Piedmont Lithium and raised the price target from $20 to $28, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst firm like BMO Capital suggests a bullish outlook on Piedmont Lithium's stock. This adjustment reflects an expectation of stronger performance or favorable market conditions for Piedmont Lithium, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100