Updates with Bell Potter and Macquarie notes
** Citi highlights lithium miner Liontown Resources' LTR.AX new capital allocation framework and intent to "screen for opportunities" amid market conditions, despite high leverage to lithium prices
** Brokerage maintains a "neutral" rating with a target price (TP) unchanged at 60 Australian cents/share
** However, brokerage Macquarie says co is "navigating challenging waters in a difficult lithium market and will have to prudently manage costs moving forward"
** Brokerage Bell Potter says LTR having offtake contracts with top-tier EVs and battery original equipment makers helps them forecast that co is fully funded to free cash flow
** Citi mentions LTR's proactive stance in looking for growth opportunities in the market, signaling potential prospects for expansion
** Macquarie maintains "neutral" rating and A$0.65 target price; Bell Potter cuts TP to A$1.25 from A$1.40, reflecting reassessment of LTR's corporate costs
** Stock currently trading 8.5% up at A$0.70
** Stock has gained 33.3% this year, including day's moves
($1 = 1.5823 Australian dollars)
(Reporting by Kumar Tanishk and Shivangi Lahiri in Bengaluru; Editing by Lisa Shumaker)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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