BofA upgraded Albemarle (ALB) to Buy from Neutral with a price target of $190, up from $167. The firm sees improving fundamentals for Albemarle with lithium prices doubling since its October downgrade. The recent weakness in the shares provides an attractive entry point, the analyst tells investors in a research note. BofA believes Albemarle has executed well through the downturn and is well positioned for the recovery.
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