Atlas Lithium price target lowered to $45 from $55 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Atlas Lithium to $45 from $55 and keeps a Buy rating on the shares. The firm says acquisition activity in the lithium sector is beginning to heat up, despite the continued downturn in lithium prices. Alliance continued to favor lithium developers with quality assets and a clear path to production, such as Atlas Lithium. However, it updated near-term lithium carbonate equivalent price forecasts to reflect the state of the current market.