BUZZ-BMO raises Albemarle PT on higher production forecast
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BMO Capital Markets has raised its price target for Albemarle to $145, citing higher lithium production forecasts. The new target suggests a 9.2% upside from the last close. BMO expects Albemarle to outperform market expectations by 2026 due to increased production from the Greenbushes mine. While lithium prices are expected to rise, a modest recovery is anticipated thereafter. Currently, 9 out of 27 brokerages rate the stock as "buy" or higher, with a median price target of $110. Albemarle's stock has risen 54.2% year-to-date.
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