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Equities

S&P 500 Posts Weekly Gain as Tech Giants Surge

The Standard & Poor's 500 index rose 3.6% this week after technology heavyweights jumped and optimism increased that the Strait of Hormuz will reopen following a deal between Iran and Oman.The market benchmark ended the week at 7,757.64. The index is now up 3.4% quarter to date and 13% this year.Palantir Technologies (PLTR) jumped 40% this week after Q2 sales and adjusted earnings surpassed estimates and the company boosted its full-year 2026 sales outlook.Nvidia (NVDA) jumped 12% this week.An Iranian official said a framework on the Strait of Hormuz has been agreed with Oman, with "a final decision to be made at higher levels," Al Jazeera reported, citing Iranian state media.The information technology sector had the largest percentage gain of the week, up 7.2%, followed by a 5.6% advance in materials and a 3% rise in industrials.Zebra Technologies (ZBRA) reported fiscal Q2 non-GAAP earnings and sales above market expectations, and also lifted its full-year 2026 outlook. Shares jumped 28% this week.Albemarle (ALB) reported Q2 adjusted earnings and sales growth that beat consensus, and raised revenue guidance for the specialties segment to $1.4 billion to $1.6 billion for the full year. Shares advanced 11% this week.The three S&P 500 sectors that declined the most this week were energy, utilities, and real estate, down 3.3%, 1.7% and 0.1%, respectively.NRG Energy (NRG) reported a steeper-than-expected slide in Q2 adjusted earnings. The shares fell 12% in the week.Cisco Systems (CSCO), Applied Materials (AMAT), CoreWeave (CRWV), Rocket Lab (RKLB) and Simon Property Group (SPG) are among the companies reporting quarterly results next week.Economic data due next week include consumer and wholesale price inflation, retail sales, Michigan consumer sentiment and existing home sales.

S&P 500$ALB$AMAT$CRWV$CSCO$NRG$NVDA$PLTR$RKLB$SPG$ZBRA
Wire

Scotiabank Adjusts Price Target on Albemarle to $200 From $215, Maintains Sector Outperform Rating

Albemarle (ALB) has an average rating of overweight and mean price target of $193.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $115.16, Change: $+0.31, Percent Change: +0.27%

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Equities

S&P 500 Posts Weekly Gain as Technology, Energy Rally

The Standard & Poor's 500 index rose 1.2% this week, lifted by a fresh burst of AI enthusiasm amid geopolitical jitters as Washington and Tehran resumed high-stakes negotiations.The S&P 500 ended Friday's session at 7,575.39, securing a second straight weekly advance. The gauge has gained 1% in July and is up 11% this year.AI sentiment got a boost Friday from the strong Nasdaq debut of SK Hynix (SKHYV). The South Korean chipmaker's American depositary shares jumped 13% to $168.40 after the offering of 177.9 million ADSs priced at $149 apiece.Investors were also watching developments in US-Iran diplomacy. President Donald Trump said the US will continue negotiations with Iran, while reiterating that their ceasefire is over.Technology led sector gains for the week, rising 3.4%, followed by a 3.2% advance in energy and a 2.3% increase in communication services. Consumer discretionary and financials edged higher.Hewlett Packard Enterprise (HPE) jumped 18% this week, and Arista Networks (ANET) advanced 17%, the biggest gains in tech.Baker Hughes (BKR) recorded the largest gain in the energy sector, climbing 9.1%, as the company received conditional approval from the European Commission to acquire Chart Industries (GTLS).Meta Platforms (META) shares rose 15%, leading communication services. CEO Mark Zuckerberg said the company is considering renting out some of its AI computing capacity, Bloomberg reported.Materials fell 2.2%, followed by a 1.9% loss in healthcare. Consumer staples dropped 1.3%, and industrials shed 1.1%, while utilities and real estate edged lower.International Flavors & Fragrances (IFF) shares fell 7.5%, and Albemarle (ALB) dropped 7%, the steepest weekly losses in materials.The quarterly earnings season is set to move into full swing next week. Reports are expected from JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), Wells Fargo (WFC), Citigroup (C) and Morgan Stanley (MS). Other large companies expected to report include Johnson & Johnson (JNJ), UnitedHealth Group (UNH), GE Aerospace (GE), Netflix (NFLX) and Abbott Laboratories (ABT).Economic data will include June retail sales, the June consumer price index, and the June producer price index.

Dow JonesNasdaq CompositeS&P 500$ALB$ANET$BKR$HPE$IFF$META$SKHYV
Research

Citigroup Upgrades Albemarle to Buy From Neutral, Price Target is $225

Albemarle (ALB) has an average rating of overweight and mean price target of $225.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

Albemarle Likely to Continue Growing Volumes Over the Coming Years, RBC Says

Albemarle (ALB) is likely to continue growing volumes over the coming years from mostly brownfield at Wodgina, Atacama productivity, and opportunities at its Kings Mountain and Antofalla hubs, RBC Capital Markets said in a Monday research report.The company's cost reductions alongside higher lithium prices also continue to drive earnings upside. Lithium supply is expected to remain tight through 2027, and the market is likely to remain balanced to under-supplied through 2050 from continued demand growth into electric vehicles, analysts wrote.RBC stated it now expects 2026 and 2027 EBITDA of $2.8 billion and $2.9 billion, respectively, from $2.7 billion and $2.77 billion earlier. For Q2, it expects EBITDA of $720 million from $680 million earlier.The brokerage said it reiterated its outperform rating on the stock and boosted its price target to $257 per share from $253.Price: $177.30, Change: $+5.72, Percent Change: +3.33%

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Wire

Albemarle's EBITDA to Benefit From Higher Lithium Prices, RBC Says

Albemarle's (ALB) earnings before interest, taxes, depreciation, and amortization, or EBITDA, will likely benefit from strongerLithium prices in the range of low to mid-$20s per kilogram, RBC Capital Markets analysts said in a note emailed Monday.The company posted "strong" Q1 financial results that beat estimates and raised its annual specialties guidance, analysts said.RBC said that ALB continues to ramp its CGP3 projects and make progress on several brownfield opportunities, which should drive mid-single-digit percentage growth in 2027 and beyond.Analysts said the company could provide further details on brownfield investments and capital return in its Q3 financial results.RBC said it remains optimistic for significant EBITDA growth for fiscal 2026 and raised its EBITDA estimate for the company to $650 million from $600 million for Q2.Analysts retained an outperform rating on the stock and increased its price target to $253 from $245.Price: $215.62, Change: $+12.10, Percent Change: +5.95%

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Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of Albemarle Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $43 to $229, valuing ALB at 27.1x on our 2027 EPS estimate, a premium to ALB's normalized average fwd P/E during the last three years of 19.7x. We raise our 2026 EPS estimate by $9.41 to $11.48 and our 2027 EPS forecast by $2.48 to $8.46. ALB's fundamental outlook has improved materially as lithium market conditions recover from 2025's trough. Energy storage demand remains robust, due to grid modernization and renewable integration, though ALB guides to flat 2026 lithium volumes as it ramps Greenbushes CGP3 and optimizes Wodgina operations. The Specialties segment outlook strengthened on higher bromine pricing. ALB's balance sheet improved significantly following debt reduction to 1.0x net leverage, and management targets $100M-$150M in cost savings for 2026. While near-term volume growth is constrained by asset ramps, capital-light brownfield expansions and the Chile DLE project position ALB for mid-to-high single-digit growth post-2027.

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Wire

UBS Raises Price Target on Albemarle to $264 From $230, Maintains Buy Rating

Albemarle (ALB) has an average rating of overweight and mean price target of $215.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $204.97, Change: $+6.62, Percent Change: +3.34%

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Wire

Baird Adjusts Albemarle Price Target to $236 From $210

Albemarle (ALB) has an average rating of overweight and mean price target of $203.86, according to analysts polled by FactSet.Price: $212.48, Change: $+19.87, Percent Change: +10.32%

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Research

Research Alert: Albemarle Corporation Posts Strong Q1 Beat On Lithium Recovery

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Albemarle delivered strong Q1 results with net sales of $1.43B (+33% Y/Y, 8.4% above consensus) and adjusted EPS of $2.95 vs. a loss of $0.18 in the prior year, beating consensus by $1.64. Adjusted EBITDA surged 148% Y/Y to $664M, demonstrating significant operational leverage as lithium pricing recovered. The Energy Storage segment led recovery with sales of $891M (+70% Y/Y) driven by pricing improvements (+51%) and volume growth (+14%), while adjusted EBITDA jumped 196% to $551M. Management provided 2026 outlook scenarios based on lithium pricing. Assuming the FY 25 average (~$10/kg LCE) projects $4.1B-$4.3B sales and $0.9B-$1.0B adjusted EBITDA, while the Q1 2026 average (~$20/kg LCE) suggests $5.7B-$6.0B sales and $2.4B-$2.6B adjusted EBITDA. We believe ALB's balance sheet optimization through $1.3B debt reduction and $648M in divestiture proceeds strengthens financial flexibility. ALB remains on track for $100M-$150M in annual cost improvements while maintaining disciplined capex guidance of $550M-$600M.

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Research

Rothschild & Co Redburn Downgrades Albemarle to Neutral From Buy, Adjusts PT to $188 From $185

Albemarle (ALB) has an average rating of overweight and mean price target of $199.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

Albemarle Shares Fall After Baird Downgrade

Albemarle (ALB) shares were down 6.4% in Friday afternoon trading after Baird downgraded the company's stock to neutral from outperform, with a price target of $210.Trading volume stood at nearly 2.7 million shares, compared with a daily average of over 2.5 million.Price: $201.85, Change: $-13.78, Percent Change: -6.39%

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Research

Baird Downgrades Albemarle to Neutral From Outperform, Price Target is $210

Albemarle (ALB) has an average rating of overweight and mean price target of $196.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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