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Fly News Breaks for August 9, 2019
ALB
Aug 9, 2019 | 08:07 EDT
Oppenheimer analyst Colin Rusch lowered his price target for Albermarle to $128 from $157 and maintained an Outperform rating following the company's earnings report. While Albermarle is maintaining its lithium demand expectations through 2025, Rusch tells investors in a research note that he is encouraged to see the company align its growth with the pace of EV ramps and adjust product mix plans toward lithium hydroxide given OEM migration to hydroxide for EV batteries.
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