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Fly News Breaks for August 9, 2017
ALB
Aug 9, 2017 | 08:41 EDT
Baird analyst Ben Kallo noted Albermarle management reiterated 2017 guidance and still expects the lithium market to grow in excess of 35% year over year. The analyst noted capacity expansion efforts remain on track and favorable market conditions should contribute to a solid second half 2017. He recommends investors buy the shares after the post-earnings downward pressure subsides. Kallo reiterated his Buy rating and $135 price target on Albermarle shares.
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