Arcadium Lithium price target raised to $4.30 from $3 at Mizuho

Mizuho raised the firm’s price target on Arcadium Lithium (ALTM) to $4.30 from $3 and keeps a Neutral rating on the shares after Reuters reported Rio Tinto (RIO) has discussed a $2.50-$4.25 per share deal range and Arcadium has since confirmed that an offer has been made, although it did not confirm the amount. The stock has been trading below tangible book value as at current lithium prices it could have negative cash flow through 2026, the analyst noted.