Arcadium Lithium price target lowered to $8 from $9 at KeyBanc

KeyBanc lowered the firm’s price target on Arcadium Lithium to $8 from $9 and keeps an Overweight rating on the shares. Arcadium Lithium is taking the appropriate steps by adjusting its capacity expansion plans and focusing on its balance sheet during the current trough environment, the analyst tells investors in a research note.