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Fly News Breaks for January 15, 2019
ALB, LTHM
Jan 15, 2019 | 07:20 EDT
Nomura Instinet analyst Aleksey Yefremov downgraded Livent (LTHM) to Neutral from Buy with an unchanged price target of $16. The analyst expects lithium price data points to surprise negatively in coming months. These data points could drive Livent's trading multiples lower, Yefremov tells investors in a research note. He also downgraded Albemarle (ALB) this morning for a similar rationale.
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