Loop Capital lowered the firm’s price target on Albemarle to $250 from $335 but keeps a Buy rating on the shares. The firm is updating its 2023 and 2024 projections after the company’s Q3 results but also recommends that investors look through the current earnings volatility and focus on Albemarle’s attractive longer-term volume growth story, the analyst tells investors in a research note. The stock is also “very attractively” valued here at just 5-tims enterprise value to expected 2025 EBITDA, Loop added.
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