Scotiabank lowered the firm’s price target on Lithium Americas (LAC) to $2.75 from $3 and keeps a Sector Perform rating on the shares. The firm reduced its price target on the stock following NAV updates for Q4 financials, the financing arrangement with Orion, and some model enhancements, the analyst tells investors. Overall, the firm sees more downside than upside to the stock in the near-term.
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