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Fly News Breaks for February 21, 2020
ALB
Feb 21, 2020 | 09:08 EDT
RBC Capital analyst Arun Viswanathan raised his price target on Albemarle to $84 but kept his Sector Perform rating after its Q4 results. The analyst notes that the recent bullish sentiment in lithium has helped valuations, but believes that the fundamental outlook in the market "remains weak" due to ample supply and weak electric vehicle demand growth.
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