RBC Capital analyst Arun Viswanathan raised the firm’s price target on Albemarle to $260 from $255 and keeps an Outperform rating on the shares. The analyst cites the company’s FY23 guidance raise driven by higher lithium prices, which the firm believes are likely to remain at current levels around $35K-$40K/ton given the continued EV demand.
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Read More on ALB:
- Albemarle price target lowered to $250 from $260 at Deutsche Bank
- Albemarle price target raised to $212 from $200 at BofA
- Albemarle price target raised to $227 from $225 at Mizuho
- Albemarle price target raised to $185 from $163 at Credit Suisse
- Albemarle raises FY23 adjusted EPS view to $25.00-$29.50 from $20.75-$25.75