Cautious Hold Rating on Lithium Americas Corp Amid DOE Agreement and Equity Dilution Concerns
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David Deckelbaum has issued a Hold rating on Lithium Americas Corp, citing concerns over equity dilution and the recent DOE agreement, which grants a 5% equity stake and project interest. While the agreement offers financial relief and potential renegotiation of terms, it does not significantly enhance share value. Scotiabank also maintains a Hold rating with a $2.75 price target, reflecting a cautious outlook on the stock's future performance.
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