** Lithium miner Albemarle's ALB.N shares fall ~1% to $74.54 premarket
** Brokerage Citigroup cuts PT to $85 from $105
** New PT is a 13% upside to stock's last close
** Citi estimated lithium pricing in Q4 at $11,000 per tonne, lower than its ~$13,000 per tonne estimate previously in 2024
** For FY 2025, brokerage lowers pricing estimate to ~$11,500 per tonne from ~$12,700 a tonne previously
** Citi says it remains on the sidelines for ALB stock
** Of the 28 brokerages that cover the stock, eight rate it "buy" or higher, 17 "hold" and three rate it "sell" or lower; their median PT is $100 - data compiled by LSEG
** In 2024, stock fell 40.4%
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@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.