Albemarle price target raised to $90 from $70 at Wells Fargo

Wells Fargo raised the firm’s price target on Albemarle (ALB) to $90 from $70 and keeps an Equal Weight rating on the shares. While chemical earnings will likely sit at trough-like levels through the first half of 2026 or until Fed rate cuts spark a recovery in housing and industrial demand, the firm continues to favor higher quality names trading near commodity multiples.