0058 GMT - PLS delivers a "clean" operational result, with improving cash generation and strengthened liquidity, RBC Capital Markets says in a note. "We see this as a transition period," with free cash flow increasing and growth options returning, RBC says. Still, a "sustained re-rating remains tied to lithium price durability and disciplined capex execution," the broker says. RBC has an outperform rating and A$5.10 target on PLS. Shares are down 1.6% at A$4.35. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 18, 2026 19:58 ET (00:58 GMT)
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