LAC - Lithium Americas is viewed favorably by Deutsche Bank with catalysts on tap

Deutsche Bank is staying constructive on Lithium Americas Corp. ( NYSE: LAC ) while it waits for the Thacker Pass ruling.

The firm kept a Buy rating in place and reduced its price target to $33 from $36.

Analyst Corrine Blanchard sees catalysts for LAC including the decision/ruling on the appeal of the Record of Decision expected by end of Q3 for the Thacker Pass Project. The commissioning at Cauchari-Olaroz is expected by the end of the year. Blanchard thinks production for the company will be minimal this year before ramping up in 2023 to 2024. 2023/2024. Looking further ahead, an announcement for a partnership and more details on asset separation at Thacker Pass is seen occurring in Q4 or early 2023 following ruling decision. The firm also expects further details on the Pastos Grandes project by the end of the year or early in 2023.

Shares of Lithium Americas Corp. ( LAC ) rose 0.15% premarket to $19.85.

The Seeking Alpha Quant Rating on LAC is Sell.

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