Goldman Sachs upgraded Core Lithium to Neutral from Sell with a A$0.08 price target. The firm still expects lithium developers to underperform the more ramped up producers into the declining lithium price environment, but it is also upgrading Core Lithium on valuation, with ongoing production restart risk now “more priced in” at 1.1-times net asset value, the analyst tells investors in a research note.
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