BUZZ-BofA raises PT on lithium miner Albemarle
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BofA has raised its price target for Albemarle to $118 from $110, citing a potential lithium market deficit next year due to production discipline and increased demand for Energy Storage Systems. Despite the limited upside, BofA maintains a Neutral rating on Albemarle. The brokerage notes that higher market prices could boost Albemarle's capex and volume growth, though caution is expected in the near term. Currently, 8 out of 27 brokerages rate the stock as "buy" or higher, with a median price target of $100.
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