BUZZ-Berenberg raises PT on Albemarle

Reuters01-06

BUZZ-Berenberg raises PT on Albemarle

** Berenberg raises lithium miner Albemarle ALB.N price target to $135 from $75

** However, new PT represents a 7.6% downside to the stock's last close

** Brokerage says there is enough lithium supply growth to fully cater for the incremental demand; adds the last leg of price strengthening in late 2025 took lithium carbonate equivalent price to $16,000/tonne and spodumene to $14,000/tonne

** "By the end of 2026, lithium levels will be consistent with current levels, limiting further progress to Albemarle's share price," Berenberg says

** "We think that, adjusting for normalised lithium prices and growth, Albemarle should trade at a single-digit multiple, in line with other miners or commodity chemicals producers" - brokerage

** Nine of 27 brokerages rate stock "buy" or higher, 17 "hold" and 1 "sell"; median PT is $125 - data compiled by LSEG

** In 2025, stock was up 64.3%

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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adds the last leg of price strengthening in late 2025 took lithium carbonate equivalent price to $16,000/tonne and spodumene to $14,000/tonne** \"By the end of 2026, lithium levels will be consistent with current levels, limiting further progress to Albemarle's share price,\" Berenberg says** \"We think that, adjusting for normalised lithium prices and growth, Albemarle should trade at a single-digit multiple, in line with other miners or commodity chemicals producers\" - brokerage** Nine of 27 brokerages rate stock \"buy\" or higher, 17 \"hold\" and 1 \"sell\"; median PT is $125 - data compiled by LSEG** In 2025, stock was up 64.3% (Reporting by Dharna Bafna in Bengaluru) ((Dharna.bafna@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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