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Fly News Breaks for May 16, 2019
ALB
May 16, 2019 | 08:28 EDT
Loop Capital analyst Chris Kapsch lowered his price target on Albemarle to $108 after participating in a non-deal roadshow with its management, saying the tone of the conversations was "decidedly positive" in spite of the market skepticism regarding the lithium space. The analyst also contends that the industry challenges appear to be discounted in Albemarle valuation and keeps his Buy rating on the stock, even though he lowers his FY19 and FY20 EPS estimates by 5c and 20c to $6.25 and $7.00 respectively.
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