Albemarle price target raised to $216 from $200 at RBC Capital

RBC Capital raised the firm’s price target on Albemarle (ALB) to $216 from $200 and keeps an Outperform rating on the shares. Despite a muted response to a solid Q4 results and next-12-months outlook, the firm remains positive on Albemarle given structurally improving supply/demand in global lithium is driving price growth, the analyst tells investors in a research note.