Scotiabank lowered the firm’s price target on Lithium Americas (LAC) to $5 from $7 and keeps a Sector Perform rating on the shares. The firm lowered its price target on the stock in response to inflation risk to Thacker Pass Phase 1 and further ATM-based dilution, the analyst tells investors.
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Read More on LAC:
- Lithium Americas price target lowered to $4.50 from $6 at BMO Capital
- Lithium Americas price target lowered to $5 from $7 at Deutsche Bank
- Lithium Americas Launches US$250 Million At-The-Market Program
- Lithium Americas sees FY26 capex $1.3B-$1.6B
- Lithium Americas reports FY25 EPS (50c) vs. (21c) last year