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Fly News Breaks for September 12, 2019
ALB
Sep 12, 2019 | 09:21 EDT
Gabelli analyst Joseph Catania started Albemarle with a Buy rating and 2020 private market value estimate of $109 per share. The company's Bromine and Catalysts businesses, by generating significant free cash, allow it fund the substantial capital expansion required to drive the growth of the lithium business, Catania tells investors in a research note. He believes Albemarle will turn free cash flow positive in 2021 and views the stock's current valuation as "compelling."
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