Critical Metals price target raised to $14 from $12 at Clear Street

Clear Street raised the firm’s price target on Critical Metals (CRML) to $14 from $12 and keeps a Buy rating on the shares. The company reported fiscal year-end results today and said accounting errors were identified, the analyst tells investors in a research note. The firm views the errors as a concern but expects an improvement in Critical Metals’ auditing controls. Regarding the Reuters report, Clear Street notes that the U.S. government is considering several deals and might not select Critical Metals and end any talks. This could cause the stock to fall significantly, the firm firm contends. The stock in midday trading is up 35% to $10.80.