Alliance Global Partners analyst Jake Sekelsky lowered the firm’s price target on American Battery (ABAT) to $6 from $9 and keeps a Buy rating on the shares. The firm views American Battery as well positioned to benefit from recent tailwinds in the U.S. related to the onshoring of the critical mineral supply chain, but is lowering its price target is primarily due to an update to its share count following the company’s financing activities completed in recent quarters.
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