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Fly News Breaks for February 21, 2020
ALB
Feb 21, 2020 | 07:48 EDT
BMO Capital analyst Joel Jackson raised his price target on Albemarle to $115 and kept his Outperform rating, also boosting his assumed Lithium business multiple to 12-times from 10-times. The analyst notes that the increased assumption is "reasonable" given the likely EBITDA growth of mid-teens over the next 4-year period, with 15% per year volume growth and "modest price improvements".
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