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Fly News Breaks for January 18, 2019
ALB
Jan 18, 2019 | 06:20 EDT
Loop Capital analyst Chris Kapsch lowered his price target on Albemarle to $112 to reflect investors' sentiment turning more cautious on the debate whether lithium is a "commodity or specialty". The analyst also keeps his Buy rating on the shares and recommends that investors buy at current levels given the sharp pullback in the stock price. Kapsch contends that the implied valuation on the lithium franchise is too low, anticipating higher lithium prices this year.
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