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Fly News Breaks for October 15, 2019
ALB
Oct 15, 2019 | 16:24 EDT
Wells Fargo analyst Michael Sison initiated coverage of Albemarle with a Market Perform rating and $75 price target. The analyst sees the company's growth slowing in 2020 due to limits on lithium capacity expansion and dilution from the MRL transaction. Investors will likely need a "distinct catalyst" to drive multiple expansion given the oversupply dynamic in the lithium industry, says Sison.
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