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Fly News Breaks for May 10, 2019
ALB
May 10, 2019 | 07:13 EDT
KeyBanc analyst Michael Sison reiterated an Overweight rating on Albermarle following the company's Q1EPS results, saying he believes growth and profitability in Lithium are strong with stable pricing and high-teens EBITDA growth in 2019. Long-term contract in Lithium differentiates Albermarle from its peers, a benefit of being the largest and lowest-cost player, Sison tells investors in a research note. He lowered his price target to $100 from $110 to reflect multiple contraction in the lithium space.
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