** Truist Securities lowers PT on lithium miner Albemarle ALB.N to $85 from $96
** New PT represents a 7.3% upside to the stock's last close
** Brokerage says prospect of breakeven free cash flow in 2025 was an incremental positive that it believes will limit the likelihood of a near-term capital raise
** Adds that as ALB is reducing costs and optimizing production, but given stagnant lithium prices and potential demand forecast reduction, its current valuation seems fair among its peers
** 8 of 28 brokerages rate the stock "buy" or higher, 17 "hold" and 3 "sell"; their median PT is $90 - data compiled by LSEG
** As of last close, stock down ~8% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.