Standard Lithium price target lowered to $3.20 from $3.40 at Roth Capital

Roth Capital lowered the firm’s price target on Standard Lithium (SLI) to $3.20 from $3.40 and keeps a Buy rating on the shares after its Q1 results. The company is making steady progress with its SWA JV project, but lithium prices remain weak and have eroded further in recent weeks, the analyst tells investors in a research note. Roth further cites Standard Lithium’s minor additional dilution in cutting its estimates.