Why Lithium Americas Stock Popped 10% Today

[ASFN Admin]

Shares of Lithium Americas (NYSE: LAC) shot up on Thursday, closing the day up 8.9% thanks to an analyst turning bullish about the lithium market and lithium stocks. JPMorgan initiated coverage on Lithium Americas stock with a price target of $28 a share. JPMorgan foresees strong lithium markets over the next decade driven by rising demand and prices, and believes Lithium Americas is well poised to take advantage of that.

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