Arcadium Lithium price target raised to $5.85 from $4.30 at Mizuho

Mizuho raised the firm’s price target on Arcadium Lithium to $5.85 from $4.30 and keeps a Neutral rating on the shares after the company entered into a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share. The firm expects no significant antitrust issues, as Rio Tinto is still in development mode on its lithium ambitions.