Piper Sandler Maintains Underweight on Arcadium Lithium, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Charles Neivert has maintained an Underweight rating on Arcadium Lithium (NYSE:ALTM) but raised the price target from $4.5 to $5.

March 06, 2024 | 2:23 pm
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Piper Sandler maintains an Underweight rating on Arcadium Lithium but increases the price target from $4.5 to $5.
While the upgrade in price target from $4.5 to $5 suggests a slightly more positive outlook on the stock's value, the maintenance of an Underweight rating indicates ongoing concerns about the company's prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the increased price target against the cautious rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90