Jefferies Starts Lithium Americas Corp. (LAC) at Buy

Jefferies analyst Laurence Alexander initiates coverage on Lithium Americas Corp. (NYSE: LAC) with a Buy rating and a price target of $6.00.

The analyst likes the diversification benefits as the industrial cycle grows "long in the tooth" with recessions risks weighing on the chemical sector's valuation multiples. The analyst believes LAC shares offer the best vehicle for investors seeking to express a view on lithium as a differentiated product category. He believes the cost curve will become more clear through H2 2019 and into 2020 which is suitable for LAC to trade on benchmarks for sustainable EBITDA.

For an analyst ratings summary and ratings history on Lithium Americas Corp. click here. For more ratings news on Lithium Americas Corp. click here.

Shares of Lithium Americas Corp. closed at $4.48 yesterday.

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