Lithium Americas price target lowered to $33 from $36 at Piper Sandler

Piper Sandler analyst Charles Neivert lowered the firm’s price target on Lithium Americas to $33 from $36 and keeps an Overweight rating on the shares. The analyst updated the firm’s model to incorporate the company’s Q4 results, additional 2023 guidance regarding the timing of first output from the Argentina project and some changes in the macro environment which would indicate some modest, albeit temporary, slowing in the electric vehicle build rate over the next few quarters. However, Piper still has "very positive views" of lithium demand.