Livent Corporation (LTHM) Given Average Rating of “Buy” by Brokerages

Livent Corporation (NASDAQ:LTHM) has been given an average recommendation of “Buy” by the nine ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.25.

Several equities research analysts have recently commented on the stock. Loop Capital assumed coverage on shares of Livent in a report on Friday. They issued a “buy” rating and a $22.00 price target for the company. Credit Suisse Group began coverage on shares of Livent in a research note on Monday, November 5th. They issued an “outperform” rating and a $20.00 target price for the company. Nomura began coverage on shares of Livent in a research note on Monday, November 5th. They issued a “buy” rating and a $20.00 target price for the company. Citigroup began coverage on shares of Livent in a research note on Monday, November 5th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Bank of America began coverage on shares of Livent in a research note on Monday, November 5th. They issued a “buy” rating and a $20.00 target price for the company.

Shares of NASDAQ:LTHM traded up $0.76 during trading hours on Monday, hitting $18.66. The company’s stock had a trading volume of 1,604,715 shares, compared to its average volume of 1,608,805. Livent has a 52 week low of $14.00 and a 52 week high of $18.86.

Livent Company Profile

Livent Corporation manufactures and sells performance lithium compounds that are used primarily in energy storage, specialty polymers, and chemical synthesis application. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and supplies butyllithium, which is used as a synthesizer in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.

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Analyst Recommendations for Livent (NASDAQ:LTHM)

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