Lithium miner Albemarle's stock at 'attractive point,' UBS says in rating upgrade

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Lithium miner Albemarle's stock at 'attractive point,' UBS says in rating upgrade
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UBS analysts see an entry point for Albemarle's stock after a decline of more than 18% in recent months.

Analysts at UBS upgraded their rating on shares of Albemarle Corp. to buy on Thursday, saying that the lithium miner’s stock price is now at an “attractive entry point” after a decline of more than 18% in recent months.

Albemarle... Analysts at UBS upgraded their rating on shares of Albemarle Corp. to buy on Thursday, saying that the lithium miner’s stock price is now at an “attractive entry point” after a decline of more than 18% in recent months. The plant would be the largest of its kind in North America and it is expected to produce enough battery-grade lithium to build 1 million electric vehicles by 2025. No other North American automaker refines its own lithium.

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