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This Albemarle Analyst Turns Bullish On Improving Structural Fundamentals
An analyst at Bank of America Securities upgraded Albemarle’s rating to Buy and raised the price target to $190, citing improving structural fundamentals. The company’s strong fourth-quarter results, supported by energy storage volumes and significant cost savings, contributed to the bullish outlook. The analyst also highlighted that Albemarle’s stock decline presents an attractive entry point given its execution through a downturn and positioning for recovery.