LTHM - EV Manufacturing & Demand Challenges May Weigh On Lithium Producers Albemarle & Livent's Growth Outlook: Analyst | Benzinga
Piper Sandler analyst Charles Neivert downgraded Albemarle Corp (NYSE: ALB) and Livent Corp (NYSE: LTHM) to Neutral from Overweight.
The analyst also lowered ALB's price target to $155 from $255 and LTHM's to $19 from $33.
The re-rating reflects challenges in EV manufacturing and demand, which may lead to the degradation of lithium's supply-demand dynamics significantly, writes the analyst.
The analyst notes that 2030 EV sales estimates have been revised down to around 42 million from 48 million, which can push ...