Tiger Brokers

BUZZ-Albemarle gains as BofA upgrades rating to 'buy'

Reuters
Feb 17
BUZZ-Albemarle gains as BofA upgrades rating to 'buy'

** Shares of lithium miner Albemarle ALB.N up 1.4% to $168.62 premarket

** BofA Global Research upgrades rating to "buy" from "neutral", raises PT to $190 from $167

** The new PT represents a 14.2% upside to the stock's closing price

** Brokerage believes lithium pricing has moved beyond a purely headline-driven rebound and is increasingly supported by improving supply-demand fundamentals

** "With disciplined capital allocation and a portfolio positioned to benefit from sustained EV and Energy Storage System demand, we see improved earnings visibility and attractive upside, " -BofA

** 15 of 26 brokerages rate the stock "buy" or higher and 11 "hold"; median PT is $196.66- data compiled by LSEG

** In 2025, ALB was up 64.3%

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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