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Albemarle price target raised to $362 from $340 at RBC Capital
The Fly

Albemarle price target raised to $362 from $340 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the firm’s price target on Albemarle to $362 from $340 and keeps an Outperform rating on the shares after its Q4 pre-announcement and medium-term sales growth update. The analyst is positive on the company’s growth prospects but cautious on near-term volatility in lithium prices given its exposure to index-based prices and potential demand headwinds from macro weakness. The firm adds however that longer-term, Albemarle is well positioned to serve the EV and sustainable energy high-growth markets.

Published first on TheFly

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