Macquarie Downgrades Arcadium Lithium to Neutral, Announces $5.85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Robert Stein has downgraded Arcadium Lithium (NYSE:ALTM) from Outperform to Neutral, setting a price target of $5.85.
October 15, 2024 | 12:56 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Macquarie analyst Robert Stein downgraded Arcadium Lithium from Outperform to Neutral, with a new price target of $5.85. This suggests a more cautious outlook on the stock.
The downgrade from Outperform to Neutral by a reputable analyst like Robert Stein at Macquarie indicates a less optimistic view on Arcadium Lithium's short-term performance. The price target of $5.85 suggests limited upside potential, which could lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100