Mizuho Maintains Neutral on Arcadium Lithium, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst John Roberts has maintained a Neutral rating on Arcadium Lithium (NYSE:ALTM) but has reduced the price target from $8 to $6.
January 23, 2024 | 2:06 pm
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NEGATIVE IMPACT
Mizuho has maintained a Neutral rating on Arcadium Lithium and lowered the price target from $8 to $6, indicating a potential downside or limited upside.
The reduction in price target by a reputable analyst like John Roberts from Mizuho could lead to a negative perception among investors, potentially causing a short-term decline in ALTM's stock price. The Neutral rating suggests that the analyst does not see significant upside potential in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100