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Fly News Breaks for February 21, 2020
ALB
Feb 21, 2020 | 08:20 EDT
Deutsche Bank analyst David Begleiter raised the firm's price target on Albemarle to $96 from $72 and keeps a Hold rating on the shares. The stock rose 5.6% following the company's Q4 release as management's comments that it believed lithium prices had stabilized more than offset a 12% miss in Q4 Lithium EBITDA and a 3% lowering of implied 2020 Lithium EBITDA, Begleiter tells investors in a research note.
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