Albemarle Corporation Common Stock (ALB)

Albemarle (NYSE:ALB) reported higher third-quarter sales and earnings as stronger lithium prices and demand for bromine products boosted results, while management raised its outlook for the specialties business and cut its capital spending plans. The company reported net sales of $1.6 billion, up 1

Lithium pricing drove a huge margin jump, but fourth-quarter headwinds loom.

Mizuho upgraded Albemarle to Outperform with a $130 target, citing battery storage demand and low-cost production ahead of its Nov. 4 earnings report.