TD Cowen analyst David Deckelbaum initiated coverage of Lithium Argentina (LAAC) with an Outperform rating and $14 price target following its separation from Lithium Americas Corp (LAC). The company’s Cauchari project is the newest producing brine, with “a robust portfolio of future growth projects,” while the company’s partnership with Ganfeng “sets the stage for multiple opportunities as eyes turn to Pastos Grandes,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LAC:
- Lithium Americas Stock (NYSE:LAC): Two Companies for One Essential Commodity
- Lithium Americas (TSE:LAC) Splits Into 2 Companies. A New Lithium Stock is Born
- Lithium Americas completes reorganization, enters subscription agreement with GM
- Lithium Americas Closes Separation to Create Two Leading Lithium Companies
- Lithium Americas price target adjusted to $13 at Evercore ISI post-spin
