Atlas Lithium price target lowered to $25.50 from $36 at Roth MKM

Roth MKM lowered the firm’s price target on Atlas Lithium to $25.50 from $36 and keeps a Buy rating on the shares. Lithium prices have remained weak entering the second half of the year, and as such, the firm has revised its lithium price forecasts to be more in line with current pricing and to reflect a slower recovery, the analyst tells investors in a research note. The combination of lower prices and Atlas’s delay on its initial resource estimate to Q4 justify a lower valuation for the company, the firm added.