The Globe and Mail reports in its Wednesday edition that Canaccord analyst Katie Lachapelle has reiterated her "speculative buy" rating for Standard Lithium. The Globe's David Leeder writes that Ms. Lachapelle gave her share target a 50-cent snip to $8. Analysts on average target the shares at $9.31. Ms. Lachapelle tweaked her share target down after viewing the results of a definitive feasibility study (DFS) for Phase 1A of its flagship Lanxess project. She says in a note: "The capital and operating cost forecasts for Phase 1A came in higher than we had expected. ... While we anticipate some synergies as [Standard Lithium] ramps up additional phases, we've updated our capex/opex assumptions for the remaining phases to better reflect the results of the DFS. As a result of these changes, our project-level NAV8 has declined 30 per cent to $1.17-billion, from $1.65 billion (U.S.) previously, and our IRR has reduced from 29 per cent to 18 per cent at our long-term price deck of $22.5k/t Li2CO3. However, on a positive note, we view this update as a critical milestone toward a commercial scale construction decision, with all direct costs now accurately reflecting detailed engineering and/or vendor-supplied quotes."