There's Merit in Taking Lithium Profits, MS Says -- Market Talk
Dow Jones
Apr 15
0005 GMT - Lithium demand continues to improve, but there is merit in taking profits from the sector, says Morgan Stanley. The bank has been overweight on lithium since December 2024 because it expected demand to surprise positively. "That remains the case, driven by accelerating Chinese electric vehicle exports and strong Energy Storage System demand," analyst Rahul Anand says. "However, improving Zimbabwe exports and possible Chinese licensing regime easing could add some relief." MS downgrades PLS to equal-weight, from overweight, with the stock above its revised price target of A$5.25/share. It stays underweight on IGO. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 14, 2026 20:05 ET (00:05 GMT)
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