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Fly News Breaks for July 14, 2017
ALB
Jul 14, 2017 | 09:09 EDT
After speaking with leading bromine producer ICL, Aegis analyst Chris Kapsch says he "does not expect bromine to be a problem" for Albemarle. The analyst quotes ICL as saying that bromine prices have rebounded in recent weeks, and he says this is not yet reflected in Bloomberg's data. He adds that the "normal seasonal dip" in bromine prices was less steep this year than last year. He expects Albemarle to continue to perform well and keeps a $125 price target and a Buy rating on the shares.
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