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Fly News Breaks for February 17, 2017
ALB
Feb 17, 2017 | 06:25 EDT
Aegis analyst Chris Kapsch initiated Albemarle with a Buy and a $108 price target saying it is a "must-own" stock over at least the next couple years. The analyst commented the portfolio transformation may be complete, the earnings story has legs, and shares have higher to go. He expects favorable lithium demand growth and pricing from EDV adoption to drive earnings momentum and said its competitive positioning appears safe for the foreseeable future.
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