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Standard Lithium price target raised to $6 from $4.50 at Roth Capital

Roth Capital raised the firm’s price target on Standard Lithium (SLI) to $6 from $4.50 and keeps a Buy rating on the shares. The firm is citing the company having announced a maiden resource for its Franklin Project in East Texas, and the initial resource exceeded expectations and clearly outlined the potential for robust project economics in future financial studies, the analyst tells investors in a research note.

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