Arcadium Lithium downgraded to Neutral from Buy at B. Riley
The Fly

Arcadium Lithium downgraded to Neutral from Buy at B. Riley

B. Riley downgraded Arcadium Lithium (ALTM) to Neutral from Buy with a price target of $5.85, up from $5, after the company entered into a definitive agreement with Rio Tinto to acquire it for $6.7B, or $5.85 per share in cash.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App