US-listed shares of Lithium Americas up after JP Morgan assumes coverage with 'overweight'

Lithium Americas

09/09/2026 11:15

** U.S.-listed shares of Canada-based Lithium Americas LAC.N gain 3% to $3.09 premarket
** J.P. morgan assumes coverage with "overweight" vs "neutral" rating; price target $6
** "We raise lithium price assumptions in our LAC model, lifting long-term earnings power from 2029 onward (post full ramp) and driving a materially higher NAV. Further, recent updates give us more confidence in Thacker Pass execution," J.P. Morgan says
** Earlier this month, co posted Q2 net income of $1.7 mln vs loss of $13.2 mln a year earlier
** Up to last day's close, stock down 30.7% YTD

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))