RBC Capital raised the firm’s price target on Albemarle (ALB) to $133 from $108 and keeps an Outperform rating on the shares. The company had a decent Q3 with double-digit growth in Energy Storage, Specialties earnings inflecting positive y/y, and the management maintaining its outlook for the $12k-15k/ton lithium case despite weaker pricing given significant cost improvement, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALB: