BMO's Joel Jackson has a $125 price target on lithium miner Albemarle. Here's why

Joining us now is Beimo Capital Markets equity research analyst Joel Jackson. He has an outperform rating and $125 target on Albamarl. Joel, welcome.125 is about 50% higher than Albamarl is now. Why the optimism around the company. Look, if you take a midcycle kind of assessment and you know most investors we talked to we survey them are willing to give lithium miners producers a eight and a half time Ebida multiple.you apply that to a decent midcycle price about $15,000 a ton, few thousand more than today, ...