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Analysts Clash On Outlook For Tesla Alternative

Date: Monday, March 5, 2018 7:10 PM EST

Two research firm recently disagreed on the outlook for lithium miner Albermarle (ALB). The company is seen by some as a better way to play the growth of electric cars than Tesla (TSLA).

After Albermarle reported better than expected results and guidance on February 27,   Jefferies wrote on March 1 that concerns about lithium oversupply are overdone, according to The Fly. "The size and speed" of capacity additions will be "limited," partly due to "engineering challenges," The Fly quoted Jefferies as saying. The firm kept a  Buy rating  and a $150 price target on the shares, calling the company's results "solid."

On the other hand, SunTrust lowered its price target on Albermarle to $110  from $130 on March 1, warning that the company's lithium margins will decline in the second half of 2018, The Fly reported. The firm kept a Hold rating on the stock. 

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