DeYoe also upgraded Livent Corp LTHM from Underperform to Neutral and raised his price target from $22 to $26. Related Link: If You Invested $1,000 In Tesla Stock One Year Ago, Here's How Much You'd Have Now The Thesis: In the upgrade note, DeYoe said lithium stocks Albemarle and Livent are no longer overvalued after both stocks significantly underperformed the S&P 500 and their materials sector peers in recent months. At the same time, the lithium market has improved, with prices rallying between 12% and 110% depending on the benchmark used.