Piedmont Lithium price target lowered to $65 from $68 at Roth MKM

Roth MKM lowered the firm’s price target on Piedmont Lithium to $65 from $68 and keeps a Buy rating on the shares after its unexpected Q4 earnings loss. The company’s results were significantly impacted by provisional pricing adjustments and a delayed shipment, though the firm maintains its view that Piedmont’s asset portfolio is significantly undervalued by the market, the analyst tells investors in a research note.