Jefferies analyst Mitch Ryan upgraded Allkem to Buy from Hold with a price target of A$15.50, up from A$13.50, after updating his lithium supply/demand model and associated price deck. He expects lithium prices to remain above the cost curve through 2023, before a more balanced market evolves in 2024, Ryan tells investors.
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Published first on TheFly
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Read More on OROCF:
- Allkem downgraded to Underweight from Equal Weight at Morgan Stanley
- Allkem initiated with a Buy at Goldman Sachs
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