Fly News Breaks for October 30, 2018
FMC, LTHM, SQM, ALB
Oct 30, 2018 | 08:50 EDT
BMO Capital analyst Joel Jackson initiated Livent (LTHM) with a Market Perform rating and a price target of $18. The analyst notes that while he likes the company's position of an "established, U.S.-listed, integrated, lithium pure play with a specialties/hydroxide focus", he sees neutral risk-reward on the stock based on its valuation trading at only a "slight discount" to the lithium business of Albemarle (ALB) and Sociedad Quimica (SQM). Jackson also points to the overhang of the FMC Corp (FMC) spin until the middle of Q1.
News For LTHM;ALB;SQM;FMC From the Last 2 Days