Deutsche Bank on Tuesday reiterated its hold rating on the shares of Lithium Americas (LAC.TO, LAC) with a US$3.10 price target after the company secured a US$2.26-billion loan from the U.S. Department of Energy for its Thacker Pass lithium project in Nevada.
"LAC closed the much anticipated $2.26bn ATVM Loan from the DoE to support the Tacker Pass Phase I Project development. While this announcement was expected by the market, we believe investors will view it positively, increasing confidence in the project financing going forward," analyst Corinne Blanchard noted.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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