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UBS reiterates Buy on Albemarle stock after strong Q1 earnings beat
UBS has reaffirmed its Buy rating and $230 price target for Albemarle (NYSE:ALB) after the company reported better-than-expected first-quarter results. Albemarle’s Q1 EBITDA significantly surpassed consensus estimates, driven by strong performance in Energy Storage and lithium segments, and the stock has seen a 250% surge over the past year. Despite anticipated sequential margin declines due to timing impacts and supply chain disruptions, the company maintained its full-year guidance framework.