Albemarle shares are trading lower after Piper Sandler lowered its price target on the stock from $5 to $3.75, 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 $5 to $3.75, citing recent weakness in lithium prices.
June 25, 2024 | 5:32 pm
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Albemarle shares are trading lower after Piper Sandler lowered its price target from $5 to $3.75, citing recent weakness in lithium prices.
The reduction in price target by Piper Sandler is a significant negative signal for investors, especially given the context of weak lithium prices. This is likely to result in a short-term decline in Albemarle's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100