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ALB Maintained by Argus Research -- Price Target Raised to $230
Argus Research has maintained a “Buy” rating on Albemarle (ALB) and increased its price target from $185 to $230, indicating a positive outlook for the company, especially given the demand in the lithium market driven by electric vehicles. However, GuruFocus indicates that ALB is significantly overvalued with a GF Value™ of $81.15 against a current price of $211.50, and insiders have sold $4.3 million in stock, suggesting caution for investors despite the analyst’s optimism.