Canaccord downgraded Liontown Resources (LINRF) to Sell from Hold with a price target of A$0.65, down from A$0.70. The firm, which notes that its revised pricing assumptions among lithium names has led to an average 24% decrease for developers/explorers and 15% decrease for producers in valuations and price targets across its global coverage, cites valuation for its downgrade of Liontown.
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