Wells Fargo added Albemarle to the firm’s Q3 2023 Tactical Ideas List, while keeping an Overweight rating and a price target of $250 on the shares. Wells expects Albemarle to deliver strong Q2 results, with potential for a full-year guidance increase based on improved index pricing. Recent channel checks at industry conferences give the firm confidence in a China EV demand recovery through the rest of 2023.
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