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Why Lithium Americas Stock Just Slumped 11%

TheMotleyFool

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Why Lithium Americas Stock Just Slumped 11%Photo, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

A funny thing happened to lithium mining start-up Lithium Americas (NYSE: LAC) stock on Tuesday -- funny, that is to say, unless you own it. In a note covered on TheFly.com this morning, analysts at Deutsche Bank raised their price target on Lithium Americas stock by 18%, to $40 per share.

And then Lithium Americas stock crashed, closing down 10.7% for the day.

Image source: Getty Images.

Source Fool.com

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