Piper Sandler Downgrades Livent to Underweight, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Charles Neivert downgraded Livent (NYSE:LTHM) from Neutral to Underweight and reduced the price target from $18 to $15, indicating a bearish outlook on the stock.

December 05, 2023 | 12:52 pm
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Livent's stock rating was downgraded by Piper Sandler from Neutral to Underweight, and the price target was lowered from $18 to $15, suggesting a negative sentiment towards the company's stock.
The downgrade by a prominent analyst from a major financial services firm like Piper Sandler can have a significant negative impact on investor sentiment and the stock price of Livent in the short term. The reduction in the price target further emphasizes the analyst's bearish stance on the stock, potentially leading to a decrease in investor confidence and a subsequent drop in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100