JPMorgan analyst Bill Peterson upgraded Lithium Americas (LAC) to Neutral from Underweight with a $5 price target The shares are fairly valued following the significant selloff, the analyst tells investors in a research note. JPMorgan believes Lithium Americas shares now more accurately reflect the execution risk between now and Thacker Pass commissioning in 2028. It cites valuation for the upgrade.
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 LAC:
- Moderately bullish activity in Lithium Americas with shares down 7.36%
- Mixed options sentiment in Lithium Americas with shares down 2.22%
- CoreWeave, Fastly, Lithium Americas, US Bancorp, Dollar Tree: Insider Sales Shake Market
- Why Lithium Americas Stock (LAC) is De-Risked But Not Risk-Free
- Lithium Americas Secures $435 Million DOE Loan for Thacker Pass Project