Keybanc Downgrades Arcadium Lithium to Sector Weight, Maintains Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov has downgraded Arcadium Lithium (NYSE:ALTM) from Overweight to Sector Weight, while maintaining the price target at $8.
October 11, 2024 | 4:15 pm
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Keybanc has downgraded Arcadium Lithium from Overweight to Sector Weight, indicating a neutral stance on the stock. The price target remains at $8.
The downgrade from Overweight to Sector Weight suggests that the analyst sees less potential for outperformance relative to the sector. However, the maintained price target of $8 indicates that the analyst does not foresee a significant downside. This results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100