Lithium Americas 跌 17%，摩根大通下调评级，称特朗普政府入股对评级的意义不大

Lithium Americas Corp.'s stock price fell by as much as 17%, marking the largest intraday decline since April 2024.

JP Morgan downgraded its rating from neutral to underweight, following a more than 200% increase in the company's stock price since the U.S. government's stake, which may face a correction; the price target (PT) is set at $5.

Analyst Bill Peterson believes that compared to MP Materials, Lithium Americas has less upside potential from its deal with the U.S. government and less protection obtained.

"While the Trump administration's stake may be seen as support for LAC in a sluggish lithium market, we believe the incremental positive from this deal is insufficient to warrant a re-rating of the stock."

It is viewed as a downside protection rather than a strategy, as lithium has a broader market outside of China compared to rare earths.

Notably, the outlook for lithium prices is still expected to improve, and Lithium Americas' Thacker Pass project is anticipated to become profitable once it goes into production.

It is believed that if U.S.-China trade relations normalize in the short term, the stock price will experience a correction