Albemarle upgraded to Buy from Hold at Truist

Truist analyst Peter Osterland upgraded Albemarle (ALB) to Buy from Hold with a price target of $205, up from $125. The firm sys the outlook for lithium pricing is improving on industry-wide production discipline and strong demand from key end markets including energy storage systems and electric vehicles. Albemarle will also benefit from its efforts to rationalize costs and capital spending, the analyst tells investors in a research note. As such, Truist believes the company is well positioned for “significant” earnings and free cash flow growth in 2026 and 2027.