JPMorgan Downgrades Sigma Lithium Stock: Neutral Rating and Price Target Set at $11

Sigma Lithium (NASDAQ:SGML) has been downgraded by JPMorgan Chase & Co. from an 'overweight' rating to a 'neutral' rating, with a price target of $11.00.

This move could indicate a potential upside of 31.89% from the stock's current price. Sigma Lithium had already reported disappointing quarterly earnings last month, missing analysts' consensus estimates by $0.25.

Other analysts have also weighed in on the company, with BMO Capital Markets lowering its rating to 'market perform' and Zacks Research downgrading it to a 'strong sell.'