Stock Track | Lithium Americas Soars 10% in Pre-Market on Analyst Upgrade

Stock Track

2024-10-17

Shares of Lithium Americas Corp. (LAC) surged over 10% in pre-market trading on Wednesday, after National Bank upgraded the lithium producer's stock rating from Sector Perform to Outperform and raised its price target from CA$5.75 to CA$7.25.

The analyst upgrade follows Lithium Americas' strong financial results and positive outlook for lithium demand amid the global push for electric vehicles and renewable energy storage. National Bank analysts cited the company's strong fundamentals and growth prospects as reasons for the bullish outlook.

The pre-market rally in LAC stock reflects investors' optimism surrounding the lithium sector and Lithium Americas' position as a key player in the industry. The stock is now up over 30% year-to-date, outperforming the broader market.

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National Bank analysts cited the company's strong fundamentals and growth prosp","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LAC":"Lithium Americas Corp."},"translate_title":"分析师上调股票评级后，美洲锂业盘前飙升10%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LAC":1},"content_text":"Shares of Lithium Americas Corp. (LAC) surged over 10% in pre-market trading on Wednesday, after National Bank upgraded the lithium producer's stock rating from Sector Perform to Outperform and raised its price target from CA$5.75 to CA$7.25.\nThe analyst upgrade follows Lithium Americas' strong financial results and positive outlook for lithium demand amid the global push for electric vehicles and renewable energy storage. 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