Lithium Americas price target lowered to $38.50 from $42.50 at National Bank

National Bank analyst Lola Aganga lowered the firm’s price target on Lithium Americas to $38.50 from $42.50 and keeps an Outperform rating on the shares. The analyst dropped the price target to reflect revised commodity price assumptions but says Lithium Americas remains a top pick as a fully financed, near-term producer lithium advancing the largest new brine operation in the last decade on track for initial production in the first half of 2023.