HC Wainwright & Co. Maintains Buy on Atlas Lithium, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Atlas Lithium (NASDAQ:ATLX) but has lowered the price target from $41 to $19.
October 03, 2024 | 9:48 am
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HC Wainwright & Co. has maintained a Buy rating on Atlas Lithium but significantly lowered the price target from $41 to $19, indicating a more cautious outlook.
The reduction in the price target from $41 to $19 suggests a more conservative valuation of Atlas Lithium, which could lead to a negative short-term impact on the stock price despite the Buy rating being maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100