Albemarle Stock Is Jumping After Upgrade. Lithium Pricing Is Bottoming.
BofA Securities analyst Steve Byrne upgraded shares of Albemarle to Buy from Hold on Wednesday. Albemarle stock was down 1.1% in midday trading, at $127.71, while the and were both down about 1.1%. Rapid capacity expansion combined with slowing EV demand growth has hammered benchmark prices.