Deutsche Bank rates ORE as Upgrade to Buy from Hold (1) -Deutsche Bank observes the shift in energy use is supported by improving economics for lithium ion batteries. Global battery consumption is set to increase fivefold over the next 10 years. The broker believes that companies with Tier 1 assets that generate strong margins and volume growth will outperform in this market. Orecobre is ramping up its Olaroz brine project and Deutsche Bank upgrades to Buy from Hold. Target rises to $3.90 from $2.70. Target price is $3.90 Current Price is $3.73 Difference: $0.17
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ORE Price at posting:
$3.73 Sentiment: Hold Disclosure: Held
