Albemarle price target lowered to $65 from $75 at Scotiabank

TipRanks

Wed, May 7, 2025, 7:56 AM 1 min read

Scotiabank lowered the firm’s price target on Albemarle (ALB) to $65 from $75 and keeps a Sector Perform rating on the shares. While the company has navigated its balance sheet “exceptionally well,” it is difficult for the firm to get excited about the stock as several risks remain elevated, including balance sheet leverage, capital raise risk, and lower for longer pricing, the analyst tells investors. Additionally, the firm believes valuation year estimates need to come down materially.

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