Scotiabank analyst Ben Isaacson upgraded Lithium Argentina to Outperform from Sector Perform with an unchanged price target of $8. The analyst says any perceived near-term financing risk was just reduced following a $70M sell down of the company’s 15% stake in Pastos Grandes to Ganfeng. The firm likes Lithium Argentina’s ability to partner with Ganfeng as it develops the entire Pastos Grandes basin and surrounding properties with scale in mind. It cites valuation, the volume guidance reset and valuation for the upgrade.
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