BMO Capital raised its price target on Lithium Americas Corp. (NYSE: LAC) to $5.00 from$3.50 while keeping a Market Perform rating. The firm cited confirmation that the U.S. Department of Energy would receive free equity stakes in Thacker Pass and LAC in exchange for loan repayment deferrals, which lowered its 10% NAV estimate to about $3.40 per share. BMO noted that high-quality, funded developers in scarce commodities could trade at 1.0–1.5x NAV. The firm’s increased price target reflected the high end o ...