Baird analyst Ben Kallo upgraded Albemarle shares to outperform, citing the company's position as a leader in the near- and longer-term.
There's a big buying opportunity in lithium company Albemarle , according to Baird. Baird upgraded the company to outperform and raised its price target to $288 from $222, which implies a gain of 47% from Friday's close.
We see upside to estimates from any increase in lithium pricing, potential tailwinds from the IRA, and the growing demand for lithium." Baird also said the oligopolistic structure in the bromine market, in which Albemarle is a top-three producer, gives the company relative pricing power. "ALB has been able to successfully implement a number of pricing increases in recent years.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
45 Gifts For Teachers That Will Show Your Appreciationbecause teachers deserve everything 💕🍎
Read more »
New Jersey educator passed over for 45 promotions because he’s white, he claims in lawsuitThomas F. Franco, 58, was passed over for nearly four dozen promotions because he is white, he claims in an explosive new lawsuit.
Read more »
Kentucky state Rep. Lamin Swann, 45, dies days after suffering medical emergencyRep. Lamin Swann, a Lexington Democrat, suffered a “significant medical emergency' on Tuesday, his mother, Pamela Dixon, said in a statement released by the Kentucky House Democratic Caucus.
Read more »
Fans Choose BTS’ ‘The Planet’ as This Week’s Favorite New MusicBTS‘ “The Planet” has topped this week’s new music poll. See the final results:
Read more »
Man uses live python as weapon to attack victim in street assault: PoliceLaurenio Avila, 45, allegedly used the snake to attack a man.
Read more »