** Analysts at Jefferies raise price target on Australia's Nickel Industries to A$1.20 from A$1; maintain "buy"
** Brokerage says co remains well-positioned for opportunities to further diversify operations, providing access to EV battery supply chain
** Says firm is transitioning into an internally funded growth platform from a previous externally funded one
** Adds that co is generating cashflows that will fund the next growth phase
** Remains attracted to co's ability to maintain EBITDA margins in a compressed nickel market
** Eight of nine analysts rate the stock "buy" or higher and one "hold"; their median PT is A$1.1 – LSEG data
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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