Credit Suisse Maintains Underperform on Albemarle, Raises Price Target to $185
Portfolio Pulse from jenniferd'souza@benzinga.com
Credit Suisse analyst John Roberts has maintained an 'Underperform' rating on Albemarle (NYSE:ALB), but raised the price target from $163 to $185.
August 04, 2023 | 1:13 pm
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Credit Suisse has maintained an 'Underperform' rating on Albemarle, but raised the price target from $163 to $185.
While the 'Underperform' rating suggests that Credit Suisse expects Albemarle's stock to underperform the market, the raised price target indicates a higher valuation for the company. This could lead to mixed reactions in the market, potentially keeping the stock price stable in the short term.
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IMPORTANCE 80
RELEVANCE 100