Albemarle reports strong growth and raises guidance - Lithium powers ahead

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Go back to Albemarle reports strong growth and raises guidance - Lithium powers ahead

Albemarle (ALB) PT Raised to $120 at RBC Capital

August 9, 2018 8:17 AM EDT

RBC Capital raised its price target on Albemarle (NYSE: ALB) to $120.00 (from $114.00) while maintaining an Outperform rating following solid quarter.

Analyst Daniel DiCicco said remain encouraged, as grade, long-term contracts, and quality continue to differentiate ALB's realized wtd avg price from lower-quality Chinese spot.

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