Here's Why Albemarle Stock Surged Higher This Week
The price of lithium is responding to improving demand and dwindling inventory.Lithium materials company Albemarle (ALB +0.63%) received four analyst price target upgrades this week, ranging from $180 to $210. A cynic would argue that Wall Street is merely catching up with the stock's 125% price rise to around $188 as I write, but more to it than that. The company's fundamentals and end markets are improving, and the good news was enough to send the stock more than 16% higher this week.Analyst upgradesThe a ...