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Mizuho Securities upgrades Albemarle rating, shares rise 4%

Investing.com ·

ALB
ALB Albemarle Corp
$97.65 -0.87%
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  1. 1Albemarle Corp shares rose 4% in pre-market trading on Wednesday.
  2. 2Mizuho Securities upgraded Albemarle Corp from neutral to outperform and set a price target of $130.
  3. 3Mizuho Securities noted that accelerating demand for battery energy storage will act as a catalyst for lithium market supply-demand imbalances.

So what's the key point?

Albemarle Corp shares rose 4% as Mizuho Securities gave the company a positive rating. The firm expects the stock to rise further because increasing battery demand could change the lithium market.

Source Investing.com · View original ↗

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