Stocks in Action USA: Albemarle, ServiceNow, Novavax
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Albemarle (ALB) – The stock of the lithium producer is falling despite an increase in the price target and rising lithium prices! The stock of Albemarle is falling, even though HSBC analyst Ishan Jain upgraded the stock from "Hold" to "Buy" over the weekend and raised the price target from $117 to $200. Jain expects that rising lithium prices will significantly boost the company's revenues and profits. After lithium prices were around $84,000 per ton in 2022, they temporarily fell to below $9,000, before the demand for battery storage began...
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