Rothschild downgrades Albemarle stock rating on lithium pricing lag

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Rothschild Redburn downgraded Albemarle (NYSE:ALB) from Buy to Neutral and raised its price target to $188, although the stock currently trades above this target. The downgrade is attributed to a projected “rollercoaster trajectory in earnings” due to lithium spodumene pricing and joint venture income dynamics, where pricing impacts earnings with a three-month lag. Despite a forecasted 250% increase in Energy Storage EBITDA for 2026, the firm expects a significant decline in 2027 adjusted EBITDA due to moderating lithium prices and lagged high spodumene prices.

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