Equities research analysts at Citigroup assumed coverage on shares of Livent (NASDAQ:LTHM) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Bank of America began coverage on shares of Livent in a research report on Monday. They set a “buy” rating for the company. Goldman Sachs Group began coverage on shares of Livent in a research report on Monday. They set a “buy” rating for the company. BMO Capital Markets began coverage on shares of Livent in a research report on Monday, October 29th. They set a “market perform” rating and a $18.00 target price for the company. Seaport Global Securities restated a “buy” rating on shares of Livent in a research report on Friday, October 26th. Finally, Vertical Research began coverage on shares of Livent in a research report on Monday, October 22nd. They set a “buy” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Livent has a consensus rating of “Buy” and an average price target of $19.00.
Shares of LTHM opened at $16.86 on Monday. Livent has a 12-month low of $14.00 and a 12-month high of $17.30.
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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