Goldman Sachs upgraded Core Lithium to Neutral from Sell with a A$0.08 price target. The firm still expects lithium developers to underperform the more ramped up producers into the declining lithium price environment, but it is also upgrading Core Lithium on valuation, with ongoing production restart risk now “more priced in” at 1.1-times net asset value, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CXOXF: