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Fly News Breaks for May 11, 2018
SQM, FMC, ALB
May 11, 2018 | 07:29 EDT
Nomura Instinet analyst Aleksey Yefremov lowered his price target for Albemarle (ALB) to $130 and keeps a Buy rating on the shares. The company's Q1 results, while "solid," failed to point to "immediate and meaningful upside earnings revision in Lithium," Yefremov tells investors in a research note. The analyst still sees upside optionality to Albemarle's high-single-digit 2018 lithium price guidance, but notes the pace of increases will likely trail FMC Corporation (FCM) and SQM (SQM).
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