Albemarle price target raised to $85 from $70 at Scotiabank

Scotiabank raised the firm’s price target on Albemarle (ALB) to $85 from $70 and keeps a Sector Perform rating on the shares. Following Q3 results, the firm believes bullish talking points will continue in the near-term, the analyst tells investors. Additionally, Scotiabank believes the stock has potential to rally further as inflection point visibility improves and self-help initiatives continue to progress.