BUZZ-Albemarle gains as BofA upgrades rating to 'buy'
Albemarle Corporation ALB | 215.62 217.01 | +16.31% +0.64% Post |
** Shares of lithium miner Albemarle ALB.N up 1.4% to $168.62 premarket
** BofA Global Research upgrades rating to "buy" from "neutral", raises PT to $190 from $167
** The new PT represents a 14.2% upside to the stock's closing price
** Brokerage believes lithium pricing has moved beyond a purely headline-driven rebound and is increasingly supported by improving supply-demand fundamentals
** "With disciplined capital allocation and a portfolio positioned to benefit from sustained EV and Energy Storage System demand, we see improved earnings visibility and attractive upside, " -BofA
** 15 of 26 brokerages rate the stock "buy" or higher and 11 "hold"; median PT is $196.66- data compiled by LSEG
** In 2025, ALB was up 64.3%
