TD Cowen lowered the firm’s price target on Albemarle (ALB) to $65 from $115 and keeps a Hold rating on the shares. The firm said its quarter showed positive margin mix for lithium while cost reductions along with a previously announced $350mm customer prepayment resulted in positive free cash flow for the first time since 3Q23 and the company is aiming to be free cash flow neutral in FY25.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALB:
- Albemarle’s Mixed Financial Signals and Strategic Initiatives Lead to Hold Rating
- Albemarle reports Q1 adjusted EPS (18c), consensus (66c)
- Options Volatility and Implied Earnings Moves Today, April 30, 2025
- Albemarle put volume heavy and directionally bearish
- Early notable gainers among liquid option names on April 28th