Atlas Lithium price target lowered to $40 from $52 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Atlas Lithium to $40 from $52 and keeps a Buy rating on the shares following the Q4 report. The firm now models out some production in 2025, but this effect is offset by slightly higher costs per tonne and “further exacerbated by a decrease in anticipated longer-term sales prices.