Updates with Bell Potter and Macquarie notes

** Citi highlights lithium miner Liontown Resources' LTR.AX new capital allocation framework and intent to "screen for opportunities" amid market conditions, despite high leverage to lithium prices

** Brokerage maintains a "neutral" rating with a target price (TP) unchanged at 60 Australian cents/share

** However, brokerage Macquarie says co is "navigating challenging waters in a difficult lithium market and will have to prudently manage costs moving forward"

** Brokerage Bell Potter says LTR having offtake contracts with top-tier EVs and battery original equipment makers helps them forecast that co is fully funded to free cash flow

** Citi mentions LTR's proactive stance in looking for growth opportunities in the market, signaling potential prospects for expansion

** Macquarie maintains "neutral" rating and A$0.65 target price; Bell Potter cuts TP to A$1.25 from A$1.40, reflecting reassessment of LTR's corporate costs

** Stock currently trading 8.5% up at A$0.70

** Stock has gained 33.3% this year, including day's moves

($1 = 1.5823 Australian dollars)

(Reporting by Kumar Tanishk and Shivangi Lahiri in Bengaluru; Editing by Lisa Shumaker)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))