KeyBanc lowered the firm’s price target on Albemarle to $151 from $159 and keeps an Overweight rating on the shares. The firm reduced its lithium price assumption for Q2 to $15,000/ton from $18,525/ton and 2H24 to $13,500/ton from $19,000/ton given the recent declines in spot prices, the analyst tells investors in a research note.
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