Following Pilbara Minerals' 1Q production report, Ord Minnett lifts near-term earnings forecasts on stronger volumes and higher
prices. The target price rises to $2.30 from $2.20 on the assumption of an increased  stake in the POSCO joint venture to 30%.

The Hold rating is unchanged on valuation. Orocobre ((ORE)) remains the broker's preferred play in the lithium space.

Sector: Materials.

Target price is $2.30.Current Price is $2.20. Difference: $0.10 - (brackets indicate current price is over target). If PLS meets the Ord Minnett target it will return approximately 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena