This ones a little more encouraging.
KeyBanc lowered the firm’s price target on Arcadium Lithium to $13 from $29 to account for the consolidated company, while keeping an Overweight rating on the shares. Although volatility in the lithium market is likely to continue in the near-term, the firm believes shares trading at just 7.2-times 2025 EBITDA severely discount the long-term earnings potential of Arcadium’s portfolio. Additionally, the recently passed merger with Allkem provides greater economies of scales and synergy opportunities for future earnings growth, KeyBanc argues.
$50 party, page-17
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$8.23 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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