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Canaccord upgrades Lithium Americas, sees improving sector outlook

Canaccord upgraded Lithium Americas (LAC) to Hold from Sell with a C$6.50 price target The firm previously advocated for a reassessment of investor positioning on an improving lithium market outlook, and now doubles down on this view based on rapidly evolving market developments and updated SxD analysis. The firm added that it believes the improving outlook for the sector will continue to support equities and suggest investors continue to reassess sector exposure.

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