Albemarle rises as brokerages lift PT on higher lithium prices

Albemarle

12/01/2026 14:49

Updates

** Shares of lithium miner Albemarle ALB.N rise 4% to $167.75 in the morning trade after several brokerages lift PT on stock

** Scotiabank upgrades rating to "sector outperform" from "sector perform"; raises PT to $200 from $85, a 19.3% upside to stock's last close

** Jefferies raises PT to $210 from $167, an upside of 30.2% to stock's last close

** "We believe a fly-up in lithium prices is likely over the next couple of years, barring a significant external shock to demand" - Jefferies

** Mizuho raises PT to $156 from $132, a downside of 3.27% to stock's last close; cites stronger lithium prices and tighter inventories, based on a higher valuation multiple

** 10 of 27 brokerages rate stock "buy" or higher, 16 "hold" and 1 "sell"; median PT is $138 - data complied by LSEG

** In 2025, ALB gained 64.3%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))