Albemarle Stock Has Over 50% Downside, According to 1 Wall Street Analyst
ALBAlbemarle(ALB) The Motley Fool·2024-03-12 02:59

There's been plenty of attention paid to the direction of the electric vehicle (EV) industry recently. After rapid growth from early adopters and fans of the products, growth seems to have notably slowed in 2024. One EV- related company feeling the effects of this slowdown is lithium supplier Albemarle (ALB 5.86%). Wall Street analyst Vincent Andrews at Morgan Stanley recently sent out a note documenting just how much the slowdown in EV sales is impacting Albemarle. Andrews reduced his firm's price target o ...