HSBC analyst Santhosh Seshadri downgrades $Arcadium Lithium (ALTM.US)$ to a hold rating, and adjusts the target price from $6.5 to $5.85.
According to TipRanks data, the analyst has a success rate of 62.5% and a total average return of 15.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Arcadium Lithium (ALTM.US)$'s main analysts recently are as follows:
The assessment that Arcadium Lithium's acquisition agreement with Rio Tinto for $6.7B, or $5.85 per share in cash, may indicate that the lithium market's downturn is nearing its lowest point.
Arcadium Lithium's gradual increase in the operation of multiple assets has been taking longer than anticipated. However, the acquisition by a larger entity might enhance this progress over a more extended period.
Arcadium Lithium's entry into a definitive agreement where it will be acquired by Rio Tinto in an all-cash transaction is noted by analysts. It is anticipated that the acquisition will proceed smoothly without significant antitrust obstacles, given Rio Tinto's current developmental phase in its lithium pursuits.
Note:
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