Credit Suisse Thinks Livent Corporation’s Stock is Going to Recover
In a report released yesterday, Chris Parkinson from Credit Suisse maintained a Buy rating on Livent Corporation (LTHM), with a price target of $20. The company’s shares closed yesterday at $12.55, close to its 52-week low of $11.55.
According to TipRanks.com, Parkinson is a 2-star analyst with an average return of 0.0% and a 56.0% success rate. Parkinson covers the Consumer Goods sector, focusing on stocks such as Compass Minerals International Inc, Sherwin-Williams Company, and Axalta Coating Systems.
Currently, the analyst consensus on Livent Corporation is a Strong Buy with an average price target of $19.33, which is a 54.0% upside from current levels. In a report issued on February 5, Citigroup also maintained a Buy rating on the stock with a $15 price target.
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The company has a one-year high of $19.90 and a one-year low of $11.55. Currently, Livent Corporation has an average volume of 1.1M.
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Livent Corp. engages in the production of performance lithium compounds. It specializes in battery-grade lithium hydroxide, butyllithium, and purity lithium metal which are used in various performance applications. It operates through the following geographical segments: North America; Europe, Middle East, and Africa; Latin America; and Asia Pacific.