Agoracom: Small Cap Investment - Lithium Americas

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Cal

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Downgrade.

posted on Jan 11, 2024 02:28PM

And now my "friendly AI" informed me:

Lithium Argentina (LAAC) is a lithium producer that operates in Argentina and Nevada. It was recently downgraded by Deutsche Bank from Buy to Hold, with a lower price target of $6.50, down from $9.00 1. The reason for the downgrade was the expectation of a surplus in the lithium market in the near term, which would put pressure on the prices and margins of lithium producers 2. Deutsche Bank also cited a lack of catalysts for LAAC’s stock performance, such as faster production ramp-up or new partnerships 1. LAAC’s stock price fell 2.4% on Thursday, January 11, 2024, following the downgrade 2

Re: Downgrade.

okiedo

Jan 11, 2024 05:37PM

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