Pilbara Minerals Limited (PILBF)

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UBS’ top five ASX-listed lithium stocks
https://investorshub.advfn.com/secure/post_new.aspx?board_id=32566

In spite of the short-term downturn, UBS has high hopes for lithium and associated producers in the long run because of the wider supply glut.
“Our review of the currently slated supply response suggests higher prices are required and we have increased our long-term prices across the board by ~20%.”
UBS argues this bull case is actually conservative given the following themes:
A lack of new sources of supply
Chinese lepidolite production is slowing (lepidolite is another mineral where lithium can be found, but it’s overlooked in favour of the more conventional spodumene)
Industry participant feedback
Consensus forecasts

The one upgrade

Despite the short-term price downgrades, UBS found room to upgrade Pilbara Minerals (ASX: PLS) to a BUY from neutral. In addition, UBS’ bull case sees the Pilbara price soaring by another 42% to $5.40/share. Analysts argued that the company has the most to gain if its long-term bull case is proven right.