Piedmont Lithium downgraded to Neutral from Buy at Roth MKM

Roth MKM downgraded Piedmont Lithium (PLL) to Neutral from Buy with a price target of $13, down from $32, after Piedmont and Sayona Mining announced the signing of a definitive agreement to combine the two companies to create a lithium business, resulting in Sayona being the ultimate parent entity.