Albemarle Corp. (NYSE:ALB) stock traded lower Tuesday as JPMorgan reduced its earnings estimates and price forecast for the lithium producer.
Analyst Jeffrey Zekauskas maintained a Neutral rating and lowered the December 2027 price forecast to $140 from a previous December 2026 forecast of $160.
Lower Lithium Prices Pressure Albemarle Outlook
JPMorgan cut its 2026 adjusted EBITDA estimate by 14.4% to $2.88 billion from $3.37 billion. It also reduced its 2027 estimate by 18.4% to $2.93 billion from $3.59 billion.
The firm lowered its 2026 adjusted earnings estimate to $12.05 per share from $14.20. Its 2027 estimate fell to $11.65 from $15.35.
