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>>
Read More on ALTM: