Arcadium Lithium initiated with a Buy at Argus

Argus initiated coverage of Arcadium Lithium with a Buy rating and $6.25 price target before the market open. The merger between Livent Corp. and Allkem Limited, a lithium miner based in Australia, has created the world’s third-largest lithium producer and the company will release earnings on May 7 for its first quarter as a combined company, the analyst tells investors.