Baird Reiterates Outperform Rating and $118 PT on Albemarle (ALB) Following 4Q Rev, EPS Beat Driven by Lithium Sales

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Go back to Baird Reiterates Outperform Rating and $118 PT on Albemarle (ALB) Following 4Q Rev, EPS Beat Driven by Lithium Sales

Albemarle (ALB) PT Raised to $118 at Instinet Amid Extended Lithium Volume Ramp

March 1, 2017 8:37 AM EST

Instinet raised its price target on Albemarle (NYSE: ALB) to $118.00 (from $102.00) while maintaining a Buy rating amid Li volume ramp extends through 2021.

Analyst Aleksey Yefremov commented, "We see 4Q as confirmation of ALB's significant leverage to rising lithium pricing, with a majority of 30% q-q... More