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Fly News Breaks for August 4, 2017
ALB
Aug 4, 2017 | 08:32 EDT
Aegis analyst Chris Kapsch believes media reports suggesting Albemarle's lithium production in Chile may have been disrupted by extreme weather in early June "could prove credible," but he thinks any pullback if the company acknowledges any weather-related production disruption would be a buying opportunity given EV adoption may be accelerating and there are projections for lithium prices to likely increase in both 2018 and 2019. Kapsch has a Buy rating and $125 price target on Albemarle ahead of its Q2 report next week.
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