HSBC analyst Santhosh Seshadri lowered the firm’s price target on Lithium Americas to $30 from $36 and keeps a Buy rating on the shares. The analyst says a “disconnect” between mining and refinery supplies is likely to result in a deficit for battery-grade materials. The firm reduced estimates for lithium names citing “weak” realization and raised cost of capital estimates, pushing down target prices.
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Published first on TheFly
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