Albemarle price target raised to $91 from $87 at Truist

Truist raised the firm’s price target on Albemarle (ALB) to $91 from $87 and keeps a Hold rating on the shares after its Q3 results. Energy Storage earnings again exceeded consensus expectations and the company now expects to beat its full-year volume guidance in the segment, though this is due in part to growth from inventory reductions that will not repeat in FY26, the analyst tells investors in a research note. The continued diligence around cost-cutting and capital spending support are incrementally positive free cash flow generation prospects for FY26 however, the firm added.