Standard Lithium initiated with an Outperform at Raymond James

Raymond James initiated coverage of Standard Lithium (SLI) with an Outperform rating and $2.75 price target The firm says the company is a leader in direct lithium extraction. While still in the development stage, Standard Lithium provides good exposure to lithium, the analyst tells investors in a research note. Raymond James says Standard’s 55% owned flagship South West Arkansas Project is located in southern Arkansas, a “burgeoning region” in the direct lithium extraction space.