Albemarle price target raised to $253 from $245 at RBC Capital

RBC Capital raised the firm’s price target on Albemarle (ALB) to $253 from $245 and keeps an Outperform rating on the shares. The company posted a strong Q1 beat and raised FY26 specialties guidance, and while the management did not adjust its price scenarios, RBC believes that stronger lithium in the low-mid-$20s/kg range should push Albemarle’s EBITDA to the upper end of its outlook, the analyst tells investors in a research note.