Oppenheimer analyst Colin Rusch lowered the firm’s price target on Albemarle (ALB) to $107 from $123 on lower estimates, while keeping an Outperform rating on the shares. With spot lithium prices continuing to fall and with Albemarle’s spot exposure at about 50% for the year, the firm is lowering estimates.
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Read More on ALB:
- Albemarle price target lowered to $95 from $102 at KeyBanc
- Albemarle’s Hold Rating: Impact of Sluggish Energy Storage Growth and Lithium Price Challenges
- Albemarle’s Strong Financial Position and Optimistic Lithium Demand Outlook Justify Buy Rating
- Albemarle Corporation Reports Q1 2025 Earnings
- Albemarle Corporation’s Earnings Call: Mixed Sentiment and Future Outlook
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