Sigma Lithium price target lowered to $42 from $44 at BofA

BofA analyst Matthew DeYoe lowered the firm’s price target on Sigma Lithium to $42 from $44 and keeps a Buy rating on the shares post the Q2 report. It was “encouraging” to see Sigma’s full year production guidance of 130,000 metric tons of spodumene reaffirmed, the analyst tells investors in a research note. The firm finds the stock “compelling” at current levels.