JPMorgan upgrades Lithium Americas, sets $6 target implying 100% gain
AI Summary- JPMorgan upgraded Lithium Americas from Neutral to Overweight and issued a $6.00 price target.
- $22.30/kg is the current lithium carbonate equivalent price, remaining above $20/kg since mid-February.
- Thacker Pass engineering exceeds 95% completion and procurement surpasses 80%, with December 2027 as JPMorgan’s target timeframe.