Sigma Lithium price target raised to $29 from $25 at BofA

BofA raised the firm’s price target on Sigma Lithium to $29 from $25 and keeps a Buy rating on the shares. Sigma reported Q1 results with sequential declines in average selling price as well as sales volumes driven by lack of production and unfavorable timing causing fewer shipments, notes the analyst, who expects both volumes and price to be stronger through the rest of 2024.