Reported 1 day ago
Deutsche Bank has raised its price target for Albemarle Corporation (NYSE:ALB) from $65 to $74 while maintaining a Hold rating, indicating cautious optimism about the company's future in the lithium market. Despite recent challenges, including halting a U.S. lithium refinery project and reducing capital spending, Albemarle remains a key player in the growing demand for lithium used in electric vehicle batteries. The expected gain of approximately 7% reflects a long-term outlook amid a shift towards clean energy technologies.
Source: YAHOO