Sigma Lithium price target lowered to $27 from $33 at BofA

BofA lowered the firm’s price target on Sigma Lithium to $27 from $33 and keeps a Buy rating on the shares. BofA’s global lithium research team has lowered the firm’s lithium price forecast through the decade, which is “meaningfully lower” for 2024 and 2025 than the firm’s last forecast drop in October, the analyst tells investors.