Piper Sandler analyst Charles Neivert upgraded Arcadium Lithium to Neutral from Underweight with a price target of $5.85, up from $3.25, after the company entered into a definitive agreement with Rio Tinto to acquire it for $6.7B, or $5.85 per share in cash.
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Read More on ALTM:
- Arcadium Lithium downgraded to Neutral from Outperform at Macquarie
- Arcadium Lithium downgraded to Hold from Buy at TD Cowen
- Arcadium Lithium downgraded to Sector Weight from Overweight at KeyBanc
- Arcadium Lithium price target raised to $5.85 from $4 at Scotiabank
- Arcadium Lithium price target raised to $5.85 from $4 at BMO Capital