Vertical Research Reinstates Hold on Arcadium Lithium, Announces $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Vertical Research analyst Kevin McCarthy has reinstated a Hold rating on Arcadium Lithium (NYSE:ALTM) and set a price target of $8.
January 10, 2024 | 4:03 pm
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NEUTRAL IMPACT
Arcadium Lithium has been reinstated with a Hold rating by Vertical Research, accompanied by a price target of $8.
The reinstatement of a Hold rating with a specific price target suggests a neutral outlook on the stock's short-term performance. The price target provides a benchmark that investors may use to gauge the stock's potential, but as it is a reinstatement rather than an upgrade or downgrade, the immediate impact on the stock price may be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100