Reported 1 day ago
Raymond James has increased the price target for Standard Lithium Ltd. (NYSEAMERICAN:SLI) from $2.75 to $4.00, maintaining an 'Outperform' rating. The firm attributes the upgraded valuation to the maturation of the company's lithium-brine projects and ongoing model adjustments, noting SLI's position as a leader in Direct Lithium Extraction (DLE). As of June 30, 2025, SLI reported substantial cash reserves with no debt obligations, and it aims to start production at its South West Arkansas project by 2028, targeting an initial output of 22,500 tonnes of battery-quality lithium carbonate per year.
Source: YAHOO