President Donald Trump's decision to take an equity stake in Lithium Americas is not a good deal for the Canadian miner, according to Canaccord Genuity. Canaccord downgraded Lithium Americans to sell with a price target of $6.50 ($4.66 U.S.) in Canadian dollars, suggesting downside of 32% from its last closing price of $9.59 Canadian ($6.87 U.S.). Its stock has more than doubled since the White House first disclosed that it wanted a stake in the miner. "We believe that the recent run-up in the stock price is overdone and does not accurately reflect the valuation implications of the revised deal with the DOE," analyst Katie Lachapelle told clients in a Wednesday note. The Department of Energy is taking a 5% equity stake in Lithium Americas and a 5% economic stake in its Thacker Pass mine in

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