** J.P.Morgan raises price target for lithium miner Albemarle ALB.N to $80 from $60
** New PT represents 2.7% downside from stock's last closing price on Friday
** Brokerage says PT hike is due to upward revision in lithium price assumptions, leading to higher expected profit for 2025 and 2026
** While the market is baking in a higher longer-term lithium price, "we are more cautious" analysts at JPM write in a note, maintains "neutral" recommendation the stock
** "The price increase in lithium may have smaller effects on Q3 results but may make more of a difference in Q4" - JPM
** Nine out of 28 brokerages rate the stock "buy" or higher, 15 "hold" and 4 "sell" or lower; median PT is $76.50 - data compiled by LSEG
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
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