Eric Boyes, an analyst from Evercore ISI, maintained the Hold rating on Albemarle (ALB – Research Report). The associated price target remains the same with $88.00.
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Eric Boyes has given his Hold rating due to a combination of factors affecting Albemarle’s performance. The company’s recent financial results showed a positive margin beat in the fourth quarter and a cautious guidance for 2025. However, the market remains oversupplied, leading to concerns about potential declines in average selling prices and a slowdown in volume growth.
Despite Albemarle’s efforts to reduce costs and improve productivity, the broader industry faces challenges such as the possibility of increased production from other regions and fluctuating lithium prices. These uncertainties, alongside the need for Albemarle to manage its capital expenditure and debt covenant obligations, contribute to a cautious outlook, resulting in Boyes’s Hold rating.
In another report released yesterday, TD Cowen also maintained a Hold rating on the stock with a $115.00 price target.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALB in relation to earlier this year.