Albemarle Stock Upgraded on Lithium Demand, Higher Prices
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Albemarle Corp (NYSE:ALB) stock has been upgraded by Baird to "outperform" from "neutral," leading to a 2.5% increase in stock price to $162.03. The price target was raised to $210 from $113, driven by strong lithium demand and higher prices. Despite a 167.5% increase over the past year, many analysts still hold a "hold" rating. The stock is on track for its fourth consecutive gain, with options trading indicating potential for further upward movement.
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