Good News & Bad News, page-34346

** Analysts at Citi cut earnings expectations across their coverage of Australian lithium companies

** Expect lithium prices to track sideways for the next 12-18 months

** Brokerage is bearish on the near-term outlook for the commodity

** Cuts price target on Pilbara Minerals by 20 Australian cents per share to A$4.50/share

** Cuts PT on IGO IGO.AX to A$13/share from A$15.50/share

** Citi cuts rating on core Lithium CXO.AX to 'sell' from 'neutral'

** Says demand for electric vehicles has disappointed the high expectations against a backdrop of higher supply

** Citi, however, remains bullish on the long-term outlook for lithium

** Pilbara Minerals PLS.AX and Allkem AKE.AX are Citi's sector picks; says AKE offers the best growth outlook