Investment analysts at HSBC initiated coverage on shares of Livent (NASDAQ:LTHM) in a research note issued on Monday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other equities analysts have also recently issued reports on LTHM. BMO Capital Markets began coverage on Livent in a report on Monday, October 29th. They issued a “market perform” rating and a $18.00 target price on the stock. Vertical Research began coverage on Livent in a report on Monday, October 22nd. They issued a “buy” rating and a $20.00 target price on the stock. Citigroup began coverage on Livent in a report on Monday, November 5th. They issued a “buy” rating and a $20.00 target price on the stock. Seaport Global Securities restated a “buy” rating on shares of Livent in a report on Friday, October 26th. Finally, Nomura began coverage on Livent in a report on Monday, November 5th. They issued a “buy” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $20.00.
Shares of LTHM stock opened at $18.44 on Monday. Livent has a 1 year low of $14.00 and a 1 year high of $19.90.
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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