KeyBanc lowered the firm’s price target on Arcadium Lithium to $9 from $11 and keeps an Overweight rating on the shares. The firm reduced its lithium price assumption for Q2 to $18,000/ton from $18,500/ton and 2H24 to $14,000/ton from $18,250/ton given the recent declines in spot prices and tells investors that a majority of the cut is in the second half as softer prices from Q2 flow through on a one-quarter lag.
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