UBS Downgrades Li-Cycle Holdings to Neutral, Lowers Price Target to $0.75
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jon Windham has downgraded Li-Cycle Holdings (LICY) from Buy to Neutral and significantly reduced the price target from $9 to $0.75.

November 16, 2023 | 11:15 am
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UBS analyst Jon Windham downgraded Li-Cycle Holdings from Buy to Neutral and lowered the price target from $9 to $0.75, indicating a bearish outlook on the stock.
The downgrade from Buy to Neutral by a major analyst like UBS, accompanied by a drastic price target reduction, suggests a significant change in the company's outlook. This is likely to negatively influence investor sentiment and could lead to a short-term decline in LICY's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100