KeyBanc analyst Aleksey Yefremov downgrades $Arcadium Lithium (ALTM.US)$ to a hold rating.
According to TipRanks data, the analyst has a success rate of 56.8% and a total average return of 8.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Arcadium Lithium (ALTM.US)$'s main analysts recently are as follows:
Arcadium Lithium's entry into a definitive agreement for acquisition at $6.7 billion, or $5.85 per share in cash, suggests that the industry may be approaching a trough in the lithium market.
Arcadium Lithium's gradual progress in advancing multiple assets has been taking longer than anticipated. The recent development where the company agreed to an all-cash acquisition may change the pace of progress, potentially enhancing operations over the long term.
Note:
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