Atlas Lithium price target lowered to $19 from $41 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Atlas Lithium to $19 from $41 and keeps a Buy rating on the shares. The target cut is almost exclusively attributable to changes in H.C. Wainwright’s lithium price deck, the analyst tells investors in a research note. The firm expects continued progress at Atlas Lithium’s Das Neves Project following shipment of its lithium processing plant from South Africa to Brazil and ultimately the installation and commissioning of the plant.