American Battery price target raised to $2.75 from $2.50 at Alliance Global

Alliance Global Partners analyst Jake Sekelsky raised the firm’s price target on American Battery Metals to $2.75 from $2.50 and keeps a Buy rating on the shares after the company announced a maiden resource estimate for its Tonopah Flats lithium project in Nevada. Exploration work completed in 2022 resulted in the establishment of the largest lithium resource on a tonnage basis in the United States, the analyst tells investors in a research note.