BUZZ-Australia's IGO rises; Jarden cuts PT on updating cost assumptions

Reuters

02-17

BUZZ-Australia's IGO rises; Jarden cuts PT on updating cost assumptions

** Shares of IGO IGO.AX rise as much as 0.8% to A$4.820

** Jarden cuts price target for the lithium producer's stock to A$5.52 from A$6.07

** Revised price target reflects changes in unit cost assumptions

** Five of 15 analysts rate the stock "buy" or higher, six "hold" and four "sell"; their median PT is A$5.43 – according to data compiled by LSEG

** Stock fell 47.3% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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