The Globe and Mail reports in its Wednesday, May 22, edition that Stifel analyst Cole McGill sees a "rationalized" lithium market for the second half of 2024 "with a largely balanced supply/demand outlook driving a 'Goldilocks Zone' of pricing." The Globe's David Leeder writes in the Eye On Equities column that Mr. McGill has reaffirmed his "buy" call on Frontier Lithium. Mr. McGill slashed his share target by $1.80 to $3. Analysts on average target the shares at $3.32. Mr. McGill says in a note: "In a market that needs to more than double size in six years, we think price has to trend more toward incentive ($20-25k/t) than marginal ($12k/t), providing asymmetric upside to equity exposure. A short term approach to capital allocation can exacerbate the volatility of an immature market. Industry conversations leave us thinking OEM/vertical interest in counter cycle sourcing has the ability to put a floor in equities, and would provide a lift on valuations due to easing liquidity in less dilutive manner." The Globe reported on March 6 that Desjardins Securities analyst Frederic Tremblay was holding on to his "buy" recommendation and $2.50 share target for Frontier Lithium. The shares could then be had for 91 cents.