The Fly reports that in a research note released on Friday, investment analysts at Canaccord Genuity Group lowered Lithium Americas’ (NYSE: LAC) target price from C$50.50 to C$50.00. The stock is currently rated a “buy” by the company.

Recently, LAC has also drawn the attention of several research experts. In a research note released on Friday, TD Securities raised its price target for shares of Lithium Americas from C$35.00 to C$40.00. In a research report released on Tuesday, October 4th, Deutsche Bank Aktiengesellschaft raised their price target on Lithium America’s stock from $33.00 to $36.00 and changed its rating from a “hold” to a “buy” in a research report. Piper Sandler reiterated its “overweight” rating and $38.00 price objective on Tuesday, September 20th, for Lithium Americas’ shares. In a research note on Thursday, B. Riley decreased their “buy” rating and price objective on shares of Lithium Americas from $44.00 to $41.00. In comparison to one analyst who has given the stock a hold rating, eleven equity research experts have recommended buying the stock. The company presently has an average “Moderate Buy” rating and an average price target of $40.55, according to data from Bloomberg.com.
Shares of Lithium Americas decreased $0.05 during trading on Friday, reaching $25.20.