Truist Securities Starts Albemarle (ALB) at Hold

Truist Securities analyst Peter Osterland initiates coverage on Albemarle (NYSE: ALB) with a Hold rating and a price target of $96.00.

The analyst comments "We believe ALB’s scale and relatively low-cost production footprint position the company well over the long term to capitalize on growth potential in the lithium market driven by continued electric vehicle adoption, but expect market oversupply conditions to weigh on lithium prices and the company's cash flows in the near term. We believe ALB's efforts to reduce costs and pause growth expenditures make it well-prepared for a sustained low-price environment for lithium but see downside to consensus estimates for 2025/26 and do not view current valuation as compelling relative to specialty chemical peers. We initiate at Hold and $96 PT."

For an analyst ratings summary and ratings history on Albemarle click here. For more ratings news on Albemarle click here.

Shares of Albemarle closed at $88.76 yesterday.

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