ALTM - Arcadium Lithium Earnings Can Triple By FY26 Despite Weak EV Demand: Analyst | Benzinga
Arcadium Lithium plc (NYSE:ALTM) shares are trading higher today. RBC Capital analyst Kaan Peker initiated coverage on the stock with an Outperform rating and a price target of $4.00.
The analyst writes that Arcadium, formed by the recent merger of Allkem and Livent, offers investors highly integrated and diversified exposure to lithium and chemicals.
The analyst says the company shows strong production growth potential from its world-class brine operations.
Peker predicts production growth to drive returns in the next few years, with Arcadium projected to increase LCE production from 61kt in CY23 to ...