"Arcadium Lithium Capacity Expansion Suggests 'Healthy' Growth in 2024 Volumes, Raymond James Says"
"(MT Newswires) -- Arcadium Lithium's (ALTM) capacity expansion indicates full-year volumes seeing "healthy" growth as the year advances, while 2024 is expected to be a year of cash flow neutrality, Raymond James said Wednesday.
The company started trading on the New York Stock Exchange in January following the completion of an all-stock merger of equals between Allkem and Livent.
Raymond James said it expects to see "increasing evidence" of post-merger synergies over the next few quarters, with an annualized cost synergy target of $125 million by 2027.
The firm said spot lithium pricing has stabilized following a sharp decline, adding that there are other reasons to own Arcadium Lithium "beyond simply a commodity call."
Raymond James upgraded its rating on the stock to strong buy from outperform, with a $9 price target, according to a note."
https://www.marketscreener.com/quote/stock/ARCADIUM-LITHIUM-PLC-163866551/news/Arcadium-Lithium-Capacity-Expansion-Suggests-Healthy-Growth-in-2024-Volumes-Raymond-James-Says-46351479/
"Arcadium Lithium Capacity Expansion Suggests 'Healthy' Growth...
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| Open | High | Low | Value | Volume |
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