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Fly News Breaks for September 20, 2018
ALB
Sep 20, 2018 | 14:27 EDT
Loop Capital analyst Chris Kapsch said he would still be a buyer of Albemarle and views the stock as a compelling investment opportunity given the "decades-long runway" for lithium demand growth driven by the adoption of electric vehicles. Albemarle is among the more advantageously positioned lithium players when considering prospective growth, its sustainably competitive cost structure and its lithium chemistry "know-how," said Kapsch, who has a Buy rating and $130 price target on the stock.
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