Piedmont Lithium price target raised to $14 from $9.50 at BMO Capital
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 30 2024
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Source: Yahoo Finance
Price Target Increase: BMO Capital raised Piedmont Lithium's price target from $9.50 to $14, maintaining a Market Perform rating due to the positive outlook on its merger with Sayona Mining, which simplifies ownership and enhances expansion potential.
Analyst Insights: The analyst believes that the merger is logical given the interconnectedness of their joint venture and views the risk of other parties entering the market as low.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
