Citi raises PT on Albemarle, shares up
** Shares of lithium miner Albemarle ALB.N up 0.9% at $102.85
** Citi ("neutral") raises PT to $105 from $85
** "We believe that recent supply cuts play nicely into ALB's favor in the near-term, evident by the positive reaction to CATL lepidolite production cuts" — Citi
** Brokerage sees ALB's Q3 revenue expectations lower for specialties on end-market demand weakness, notes that semis and electronics activity has been improving and will materialize
** Citi keeps ALB's 2025 est lithium volume growth unchanged at +15% YoY
** 15 of 28 brokerages rate stock "hold" or higher, 5 "buy" and 4 "strong buy"; their median PT is $103
** Including session's move, shares down 28.8% YTD
Reporting by Seher Dareen in Bengaluru
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