Albemarle shares are trading lower after Piper Sandler lowered its price target on the stock from $122 to $95, citing recent weakness in lithium prices.
Portfolio Pulse from Benzinga Newsdesk
Albemarle shares are trading lower after Piper Sandler lowered its price target on the stock from $122 to $95, citing recent weakness in lithium prices.
June 25, 2024 | 5:31 pm
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Albemarle shares are trading lower after Piper Sandler lowered its price target on the stock from $122 to $95, citing recent weakness in lithium prices.
The reduction in price target by Piper Sandler from $122 to $95 is a significant downgrade, reflecting concerns over recent weakness in lithium prices. This is likely to negatively impact investor sentiment and put downward pressure on Albemarle's stock price in the short term.
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