The Globe and Mail reports in its Friday edition that Canaccord analyst Katie Lachapelle continues to rank Frontier Lithium "strong buy." The Globe's David Leeder writes that Ms. Lachapelle cut her share target by 50 cents to $4. Analysts on average target the shares at $4.08. Ms. Lachapelle's share target tweak came in response to the release of the results of a prefeasibility study for the PAK lithium project. Ms. Lachapelle says in a note: "The PFS results were largely negative relative to our forecasts and the PEA, with both capital and operating costs up materially (but offset by higher pricing). In our view, this was not surprising, given recent inflationary pressures we've seen across the industry (e.g., Thacker Pass, Kathleen Valley, etc.); and overall, we think the updated technical report outlines a more realistic operational and financial outcome for Frontier. Furthermore, the project still presents robust operating margins (approximately 65 per cent) on our long-term price deck and Frontier continues to screen cheap vs. other North American developer peers (0.53 times NAV vs. peers at 0.62 times). An update on the road infrastructure will be a critical next update for the company, in our view."