BMO raises Albemarle PT on higher production forecast

Brokerage BMO Capital Markets raises price target on Lithium miner Albemarle ALB.N to $145 from $136

The new PT represents an upside of 9.2% to the stock's last close

Brokerage says Lithium has been best performing trade in the second-half of the year

Expects ALB to outperform market expectations in 2026 because of higher lithium production from the Greenbushes mine in Australia

Expects Lithium prices to go higher, but modest "price recovery" thereafter

9 of 27 brokerages rate the stock "buy" or higher, 16 "hold" and 2 "sell"; their median PT is $110

As of last close, stock up 54.2% YTD