BUZZ-Truist raises Albemarle PT on lithium market momentum; shares rise
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Truist Securities raises Albemarle's price target to $125 from $91, citing lithium market momentum. Albemarle shares rise 4.2% premarket to $136.30 as lithium prices surge after China revokes mining licenses. Truist expects improved earnings and margins for Albemarle's energy storage business due to strong lithium demand. Currently, 9 out of 27 brokerages rate the stock as 'buy' or higher, with a median price target of $113. Albemarle shares are up 52.3% year-to-date.
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