Canaccord analyst Katie Lachapelle lowered the firm’s price target on Lithium Americas (LAC) to C$9.50 from C$10 and keeps a Buy rating on the shares. The company provided an update on its Cauchari-Olaroz project including final production numbers for 2024, guidance for 2025, and an updated technical report with revised spending expectations, the analyst tells investors in a research note. The firm updated its model post the disclosures.
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- Lithium Americas price target lowered to $3.50 from $3.90 at Piper Sandler