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Albemarle upgraded at Baird on lithium demand optimism tied to energy storage
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Baird upgraded Albemarle (ALB) to Neutral from Underperform, raising the price target to $113 from $81, due to optimism in lithium demand linked to energy storage. Albemarle shares rose by a third in the past month, driven by positive demand outlooks. Analyst Ben Kallo is cautiously optimistic about the supply situation in China and sees energy storage as a key contributor to future demand and grid stability.
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