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Fly News Breaks for February 21, 2020
ALB
Feb 21, 2020 | 08:36 EDT
Vertical Research analyst Kevin McCarthy downgraded Albemarle to Hold from Buy. With the shares up 29% year-to-date, it is harder to make the case for an attractive valuation, McCarthy tells investors in a research note. Further, the global lithium market remains well oversupplied and selling prices remain under pressure in early 2020, adds the analyst.
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