Piedmont Lithium price target lowered to $110 from $120 at Roth MKM

Roth MKM analyst Joe Reagor lowered the firm’s price target on Piedmont Lithium to $110 from $120 and keeps a Buy rating on the shares. The price target decrease reflects the firm’s lower near- and long-term spodumene price forecasts, but Roth MKM continues to believe that Piedmont has a number of positive catalysts on the horizon, the analyst tells investors in a research note.