Standard Lithium price target lowered to $5.50 from $6 at Roth Capital

Roth Capital lowered the firm’s price target on Standard Lithium (SLI) to $5.50 from $6 and keeps a Buy rating on the shares. The company’s results were in line and uneventful, though the company is rapidly approaching Final Investment Decision, FID, for its South West Arkansas project, which should serve as a significant positive catalyst, the analyst tells investors in a research note. The firm adds however that its reduced price target reflects dilution from Standard Lithium’s equity raise.