BofA analyst Steve Byrne lowered the firm’s price target on Albemarle (ALB) to $103 from $110 and keeps a Buy rating on the shares. Q4 results beat expectations on cost, but near-term pricing is challenged, the analyst tells investors after earnings. Flatter volume estimates and fewer forex and interest income benefits lowers the firm’s 2025 EBITDA estimate to $1.03B from $1.12B, the analyst noted.
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Read More on ALB:
- Albemarle price target lowered to $123 from $170 at Oppenheimer
- Albemarle price target lowered to $77 from $92 at Baird
- Albemarle price target lowered to $85 from $96 at Truist
- Albemarle Positioned for Margin Expansion and Growth Amidst Rising Lithium Demand: Buy Rating Affirmed
- Albemarle price target lowered to $122 from $127 at KeyBanc
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