Truist raised the firm’s price target on Albemarle (ALB) to $245 from $210 and keeps a Buy rating on the shares. Lithium pricing strength has continued throughout 2026 and the firm believes that demand growth into the EV and ESS markets will continue to drive strong fundamentals, the analyst tells investors in a research note. Truist adds it continues to believe the earnings growth Albemarle is likely to achieve from its Energy Storage business is underappreciated in current valuation.
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